Meta Platforms, Inc. (NASDAQ:META) Q1 2024 Earnings Conference Call April 24, 2024 5:00 PM ET

Company Participants

Kenneth Dorell - Director of Investor Relations
Mark Zuckerberg - Founder, Chairman and Chief Executive Officer
Susan Li - Chief Financial Officer

Conference Call Participants

Eric Sheridan - Goldman Sachs
Brian Nowak - Morgan Stanley
Mark Shmulik - Bernstein Research
Douglas Anmuth - JPMorgan
Justin Post - Bank of America
Youssef Squali - Truist Securities
Ken Gawrelski - Wells Fargo Securities
Ross Sandler - Barclays
Ronald Josey - Citi

Operator

Good afternoon. My name is Krista and I will be your conference operator today. At this time, I would like to welcome everyone to the Meta First Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks there will be a question-and-answer session. [Operator Instructions] This call will be recorded. Thank you very much.

Ken Dorell, Meta's Director of Investor Relations, you may begin.

Kenneth Dorell

Thank you. Good afternoon and welcome to Meta Platform's first quarter 2024 earnings conference call. Joining me today to discuss our results are Mark Zuckerberg, CEO; and Susan Li, CFO.

Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements.

Factors that could cause these results to differ materially are set forth in today's earnings press release and in our annual report on Form 10-K filed with the SEC. Any forward-looking statements that we make on this call are based on assumptions as of today and we undertake no obligation to update these statements as a result of new information or future events.

During this call, we will present both GAAP and certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release. The earnings press release and an accompanying investor presentation are available on our website at investor.fb.com.

And now I'd like to turn the call over to Mark.

Mark Zuckerberg

All right. Thanks, Ken, and everyone, thanks for joining. It's been a good start to the year both in terms of product momentum and business performance. We estimate that more than 3.2 billion people use at least one of our apps each day and we're seeing healthy growth in the US.

And I want to call out WhatsApp specifically where the number of daily actives and message sends in the US keeps gaining momentum and I think we're on a good path there. We've also made good progress on our AI and Metaverse efforts and that's where I'm going to focus most of my comments today.