secwatch.observer — SEC 8-K summary
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Issuer:     Meta Platforms, Inc. (META)
CIK:        0001326801
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001326801-24-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meta Q2 2024: Revenue $39.1B (+22% YoY), EPS $5.16, raises FY capex guide to $37-40B
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- Revenue $39.07B (+22% YoY), net income $13.47B (+73%), diluted EPS $5.16 vs $2.98.
- Family DAP 3.27B (+7%); ad impressions +10%, average price per ad +10%.
- Q3 revenue guidance $38.5-41B; FY total expenses unchanged $96-99B.
- FY capex raised to $37-40B (from $35-40B); expects significant capex growth in 2025 for AI.
- Share repurchases $6.32B, dividends $1.27B; free cash flow $10.90B; headcount 70,799 (-1% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326801/000132680124000065/0001326801-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326801/000132680124000065/meta-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001326801-24-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer