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Meta Platforms | ARS: Annual Report to Security Holders

SEC announcement ·  Apr 19 06:50
Summary by Moomoo AI
Meta Platforms, Inc. reported its financial results for the fiscal year ended December 31, 2023. The company saw a 16% increase in total revenue, reaching $134.90 billion, primarily driven by advertising revenue. Operating income rose by 62% to $46.75 billion. The company's Reality Labs segment, which includes augmented and virtual reality products, experienced a 12% decrease in revenue. Meta also initiated its first-ever cash dividend program, announcing a quarterly cash dividend of $0.50 per share. The company completed several restructuring measures, including layoffs and facilities consolidation, resulting in pre-tax charges of $3.45 billion. Meta's Class A common stock trades on Nasdaq under the ticker symbol 'META'.
Meta Platforms, Inc. reported its financial results for the fiscal year ended December 31, 2023. The company saw a 16% increase in total revenue, reaching $134.90 billion, primarily driven by advertising revenue. Operating income rose by 62% to $46.75 billion. The company's Reality Labs segment, which includes augmented and virtual reality products, experienced a 12% decrease in revenue. Meta also initiated its first-ever cash dividend program, announcing a quarterly cash dividend of $0.50 per share. The company completed several restructuring measures, including layoffs and facilities consolidation, resulting in pre-tax charges of $3.45 billion. Meta's Class A common stock trades on Nasdaq under the ticker symbol 'META'.
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