Summary by Moomoo AI
Meta Platforms, known for its social media and technology services, reported a robust financial performance for the year ended December 31, 2023. The company's total revenue reached $134.90 billion, marking a 16% increase from the previous year, primarily driven by a surge in advertising revenue. Operating income saw a significant jump to $46.75 billion, a 62% rise compared to 2022, while net income stood at $39.10 billion. Diluted earnings per share (EPS) were reported at $14.87. The Family of Apps segment, which includes Facebook, Instagram, Messenger, and WhatsApp, contributed $133.006 billion in revenue, a 16% increase, while the Reality Labs segment faced a 12% decline, earning $1.896 billion. The company's user metrics also showed positive trends, with Family daily active people (DAP) reaching 3.19 billion, an 8% year-over-year growth, and Family...Show More