1、Meta Reports Second Quarter 2024 ResultsMENLO PARK,Calif.July 31,2024 Meta Platforms,Inc.(Nasdaq:META)today reported financial results for the quarter ended June 30,2024.We had a strong quarter,and Meta AI is on track to be the most used AI assistant in the world by the end of the year,said Mark Zuc
2、kerberg,Meta founder and CEO.Weve released the first frontier-level open source AI model,we continue to see good traction with our Ray-Ban Meta AI glasses,and were driving good growth across our apps.Second Quarter 2024 Financial HighlightsThree Months Ended June 30,%ChangeIn millions,except percent
3、ages and per share amounts20242023Revenue$39,071$31,999 22%Costs and expenses 24,224 22,607 7%Income from operations$14,847$9,392 58%Operating margin 38%29%Provision for income taxes$1,641$1,505 9%Effective tax rate 11%16%Net income$13,465$7,788 73%Diluted earnings per share(EPS)$5.16$2.98 73%Second
4、 Quarter 2024 Operational and Other Financial HighlightsFamily daily active people(DAP)DAP was 3.27 billion on average for June 2024,an increase of 7%year-over-year.Ad impressions Ad impressions delivered across our Family of Apps increased by 10%year-over-year.Average price per ad Average price per
5、 ad increased by 10%year-over-year.Revenue Total revenue was$39.07 billion,an increase of 22%year-over-year.Revenue on a constant currency basis would have increased 23%year-over-year.Costs and expenses Total costs and expenses were$24.22 billion,an increase of 7%year-over-year.Capital expenditures
6、Capital expenditures,including principal payments on finance leases,were$8.47 billion.Capital return program Share repurchases were$6.32 billion of our Class A common stock and dividend payments were$1.27 billion.Cash,cash equivalents,and marketable securities Cash,cash equivalents,and marketable se