Meta Platforms, Inc. (META) Q4 2024 Earnings Call Transcript

For the period ending December 31, 2024

May 10, 2023 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

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 Fourth Quarter and Full-Year 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions] And this call will be recorded.

Thank you very much. Kenneth Dorell, Metta's Director of Investor Relations, you may begin.

Kenneth Dorell

Thank you. Good afternoon and welcome to Meta Platforms fourth quarter and full year 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 quarterly report on form 10-Q 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.atmeta.com.

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

Mark Zuckerberg

All right. Thanks, Ken. Thanks everyone for joining today. We ended 2024 on a strong note with now more than 3.3 billion people using at least one of our apps each day. This is going to be a really big year. I know it always feels like every year is a big year, but more than usual it feels like the trajectory for most of our long-term initiatives is going to be a lot clearer by the end of this year. So I keep telling our teams that this is going to be intense, because we have about 48-weeks to get on the trajectory we want to be on.