Meta Platforms Inc (OQ:META)

Sector:  Technology Industry:  Internet Services
 
See Regulatory Filings on SEC
Company Contact
Address: 1 Meta Way
MENLO PARK CA 94025
Tel: N/A
Website: https://www.meta.com
IR: See website
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Key People
Mark Zuckerberg
Chairman of the Board, Chief Executive Officer, Founder
Susan J. Li
Chief Financial Officer
Nick Clegg
President, Global Affairs
Javier Olivan
Chief Operating Officer
Andrew Bosworth
Chief Technology Officer
Jennifer G. Newstead
Chief Legal Officer
Christopher K. Cox
Chief Product Officer
   
Business Overview
Meta Platforms, Inc. builds technology that helps people connect and share, find communities, and grow businesses. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, and wearables. It operates through two segments: Family of Apps (FoA) and Reality Labs (RL). The FoA segment includes Facebook, Instagram, Messenger, Threads and WhatsApp. The RL includes augmented, mixed and virtual reality related consumer hardware, software, and content. Instagram is a place where people and creators can connect and express themselves through photos, video, and private messaging, and discover and shop from their favorite businesses. Threads is an application for text-based updates and public conversations. Its RL product offerings in VR include Meta Quest devices, and software and content available through the Meta Quest Store, which enable a range of social experiences.
Financial Overview
For the nine months ended 30 September 2024, Meta Platforms Inc revenues increased 22% to $116.12B. Net income before extraordinary items increased 68% to $42.24B. Revenues reflect Reality Labs segment increase of 29% to $1.06B, Asia-Pacific segment increase from $15.84B to $32.52B, United States and Canada segment increase of 19% to $43.91B, Europe segment increase of 22% to $26.76B.
Employees: 72,404 as of Sep 30, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $1,403,016M as of Sep 30, 2024
Annual revenue (TTM): $156,226M as of Sep 30, 2024
EBITDA (TTM): $78,059M as of Sep 30, 2024
Net annual income (TTM): $56,832M as of Sep 30, 2024
Free cash flow (TTM): $48,446M as of Sep 30, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 2,524,488,533 as of Oct 25, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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