Meta beats all the key KPIs in Q4, guides for lower than expected Q1 revenue
- Meta Q4 2024 revenue rose 20.6% y/y to $48.39 billion, above management’s upper guidance of $48.0 billion and analysts estimate of $46.97 billion, EPS came in at $8.02 versus analyst estimate of $6.73 while operating margin of 48% exceeded analysts estimate of 43%.
- Family daily active people (DAP) grew 5% y/y to 3.35 billion, above analysts estimate of 3.33 billion, ad impressions rose 6% y/y (analysts estimate: +10.1%) while average price per ad increased 14% y/y (analysts estimate: +7%).
- Meta’s capital expenditures during the quarter was $14.84 billion, lower than analysts estimate of $15.43 billion.
- Meta is guiding Q1 2025 revenue in the range of $39.5-41.8 billion (analysts estimate: $41.79 billion)-which assumes FX headwind of around 3% on y/y revenue growth and reflecting lapping leap day in Q1 2024, 2025 total expenses in the range of $114-119 billion (analysts estimate: $111 billion)- driven mostly by infrastructure costs (higher operating expenses and depreciation).