---
schema_version: "secwatch.filing_event.v1"
accession: "0001326801-24-000044"
form_type: "8-K"
ticker: "META"
cik: "0001326801"
company_name: "Meta Platforms, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:24:49.229302+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Meta Q1 revenue $36.5B (+27% YoY), EPS $4.71; raises FY capex guidance to $35-40B

## Summary
- Revenue $36.46B (+27% YoY), net income $12.37B (+117%), diluted EPS $4.71 (+114%).
- Family daily active people 3.24B (+7% YoY); ad impressions +20%, average price per ad +6%.
- FY2024 total expense guidance raised to $96-99B; capex raised to $35-40B to support AI investments.
- Q2 revenue guidance $36.5-39B; expect capex to increase in 2025.
- Share repurchases $14.64B; free cash flow $12.53B; headcount down 10% YoY to 69,329.

## SEC filing metadata
- accession: 0001326801-24-000044
- form_type: 8-K
- ticker: META
- cik: 0001326801
- company_name: Meta Platforms, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326801/000132680124000044/0001326801-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326801/000132680124000044/meta-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001326801-24-000044
- JSON: https://secwatch.observer/filing/0001326801-24-000044.json
- Plain text: https://secwatch.observer/filing/0001326801-24-000044.txt

## Key facts
- Earnings Releases
  Meta Platforms, Inc. reported the quarter ended March 31, 2024 results: revenue $36,455, net income $12,369, EPS $4.71. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Revenue: $36,455
  - Net income: $12,369
  - EPS: $4.71
  - Guidance: reaffirmed
  - Result: reported results
  source text: the metaverse as well." First Quarter 2024 Financial Highlights Three Months Ended March 31, % Change In millions, except percentages and per share amounts 2024 2023 Revenue $ 36,455 $ 28,645 27 % Costs and expenses 22,637 21,418 6 % Income from operations $ 13,818 $ 7,227 91 % Operating margin 38 % 25 % Provision for income taxes $ 1,814 $ 1,598 14 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326801/000132680124000044/0001326801-24-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.