Meta Posts Q1 24 Revenues of $36.455 billion, up 27pct

[engine]

Meta reports Q1 2024 revenues of $36.455 billion, up 27% Year-on-Year, with Net Income of $12.369 billion, up 117% Y-o-Y.

First Quarter 2024 Operational and Other Financial Highlights

Family daily active people (DAP) – DAP was 3.24 billion on average for March 2024, an increase of 7% year-over-year.
Ad impressions – Ad impressions delivered across our Family of Apps increased by 20% year-over-year.
Average price per ad – Average price per ad increased by 6% year-over-year.
Revenue – Total revenue and revenue on a constant currency basis were $36.46 billion and $36.35 billion, respectively, both of which increased by 27% year-over-year.
Costs and expenses – Total costs and expenses were $22.64 billion, an increase of 6% year-over-year.

[investor.fb.com...]