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Meta Platforms Q4 Earnings Call Highlights
['Shane Hupp']
Ticker Report
Family of Apps ad revenue was $58.1 billion, up 24% year-over-year (23% on a constant currency basis).
Li said headcount ended the quarter at over 78,800 employees, up 6% year-over-year, with hiring focused on monetization, infrastructure, Meta Superintelligence Labs, regulation, and compliance.
Free cash flow was $14.1 billion, and Meta ended the quarter with $81.6 billion in cash and marketable securities and $58.7 billion in debt.
Li said click-to-message ads revenue growth accelerated in Q4, with the U.S. up more than 50% year-over-year, and WhatsApp paid messaging crossed a $2 billion annual run rate in Q4.
About Meta Platforms (NASDAQ:META)Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms.