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Meta Platforms,Inc.(META)2025年第四季度及全年财报电话会议纪要「NASDAQ」(英文版)(21页).pdf

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1、 1 Meta Platforms,Inc.(META)Meta Platforms,Inc.(META)Fourth Quarter 2025 Results Conference CallFourth Quarter 2025 Results Conference Call January 28January 28thth,2026,2026 Kenneth Dorell,Director,Investor RelationsKenneth Dorell,Director,Investor Relations Thank you.Good afternoon and welcome to

2、Meta Platforms fourth quarter and full year 2025 earnings conference call.Joining me today to discuss our results are Mark Zuckerberg,CEO and Susan Li,CFO.Our remarks today will include forwardlooking statements,which are based on assumptions as of today.Actual results may differ materially as a res

3、ult of various factors including those set forth in todays earnings press release,and in our quarterly report on Form 10-Q filed with the SEC.We undertake no obligation to update any forward-looking statement.During this call we will present both GAAP and certain nonGAAP financial measures.A reconci

4、liation of GAAP to nonGAAP measures is included in todays earnings press release.The earnings press release and an accompanying investor presentation are available on our website at .And now,Id like to turn the call over to Mark.Mark Zuckerberg,CEOMark Zuckerberg,CEO Hey everyone.Thanks for joining

5、us.We ended 2025 strong with more than 3.5 billion people now using at least one of our apps every day.That includes more than 2 billion daily actives each on Facebook and WhatsApp-and just shy of that on Instagram.Our business also performed very well thanks to record-breaking holiday demand and AI

6、-driven performance gains.We are now seeing a major AI acceleration.I expect 2026 to be a year where this wave accelerates even further on several fronts.Were starting to see agents really work.This will unlock the ability to build completely new products and transform how we work.In 25 we rebuilt t

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1. **业绩表现**:2025年Q4总营收599亿美元,同比增长24%;Family of Apps营收589亿美元,广告收入581亿美元,均创纪录。 2. **用户增长**:日活用户超35亿,Facebook、WhatsApp日活均超20亿,Instagram接近20亿。 3. **AI战略**:2026年聚焦“个人超级智能”,加速AI模型迭代,推荐系统与LLM融合,提升广告与内容个性化;Reality Labs亏损持平于2025年。 4. **投资重点**:资本开支1150-1350亿美元,主攻AI基础设施;员工薪酬与法律费用增长,总支出1620-1690亿美元。 5. **未来展望**:Q1营收指引535-565亿美元,全年运营收入将超2025年;关注欧盟监管风险及AI商业化进展。
AI如何改变工作? 广告增长动力何在? 玻璃眼镜前景如何?
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