I tried to compute it here. I arrived at foreign exchange (FX) tailwind of between 1.5% to 2.0% (revenue addition of $586-$781 million). Meta does not disclose revenue by individual country within Asia Pacific (aside from China) or Rest of World, so my estimates rely on third-party sources and GPT-4o Deep Research projections of ad revenue share by country. As a result, I would not rate my confidence in this estimate as high—I’d place it around 60%. Bofa estimates FX tailwind for the full year to be in the range of 2%-3%.
Meta does not hedge against FX fluctuations.
“At this time, we have not entered into, but in the future we may enter into, derivatives or other financial instruments in an attempt to hedge our foreign currency exchange risk,” Meta stated in its 2024 annual report, page 80.