Meta Platforms (META)
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About
Business overview of Meta Platforms (META)
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
Key Insights
Critical company metrics and information
Share Price
$613.65Market Cap
$1.55 TrillionTotal Outstanding Shares
2.18 Billion SharesTotal Employees
72,404Dividend
$0.5 Per Share QuarterlyIPO Date
May 18, 2012SIC Description
Services-computer Programming, Data Processing, Etc.Homepage
https://about.meta.com
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Exchange Gains/Losses | $368.00 Million |
| Net Cash Flow From Operating Activities | $24.72 Billion |
| Net Cash Flow From Investing Activities, Continuing | $-8.62 Billion |
| Net Cash Flow From Financing Activities, Continuing | $-4.37 Billion |
| Net Cash Flow From Operating Activities, Continuing | $24.72 Billion |
| Net Cash Flow From Financing Activities | $-4.37 Billion |
| Net Cash Flow, Continuing | $11.73 Billion |
| Net Cash Flow | $12.10 Billion |
| Net Cash Flow From Investing Activities | $-8.62 Billion |
Income Statement
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Income Tax Expense/Benefit, Deferred | $-1.31 Billion |
| Diluted Earnings Per Share | $6.03 |
| Income/Loss From Continuing Operations Before Tax | $17.82 Billion |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Basic Earnings Per Share | $6.20 |
| Benefits Costs and Expenses | $22.77 Billion |
| Gross Profit | $33.21 Billion |
| Cost Of Revenue | $7.38 Billion |
| Net Income/Loss Attributable To Parent | $15.69 Billion |
| Net Income/Loss Available To Common Stockholders, Basic | $15.69 Billion |
| Basic Average Shares | $2.53 Billion |
| Diluted Average Shares | $2.60 Billion |
| Net Income/Loss | $15.69 Billion |
| Research and Development | $11.18 Billion |
| Other Operating Expenses | $4.69 Billion |
| Income/Loss From Continuing Operations After Tax | $15.69 Billion |
| Costs And Expenses | $23.24 Billion |
| Nonoperating Income/Loss | $472.00 Million |
| Operating Income/Loss | $17.35 Billion |
| Income Tax Expense/Benefit | $2.13 Billion |
| Revenues | $40.59 Billion |
| Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Operating Expenses | $15.86 Billion |
Balance Sheet
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Equity | $164.53 Billion |
| Current Liabilities | $33.33 Billion |
| Wages | $5.46 Billion |
| Liabilities And Equity | $256.41 Billion |
| Assets | $256.41 Billion |
| Liabilities | $91.88 Billion |
| Other Current Liabilities | $27.87 Billion |
| Equity Attributable To Parent | $164.53 Billion |
| Noncurrent Assets | $165.34 Billion |
| Other Non-current Liabilities | $29.73 Billion |
| Equity Attributable To Noncontrolling Interest | $0.00 |
| Intangible Assets | $973.00 Million |
| Current Assets | $91.07 Billion |
| Long-term Debt | $28.82 Billion |
| Other Non-current Assets | $164.37 Billion |
| Noncurrent Liabilities | $58.55 Billion |
Historical Dividends
Current dividend: $0.5 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Sep 5, 2024 | Sep 26, 2024 | Sep 16, 2024 | $0.5 | Quarterly |
| May 30, 2024 | Jun 26, 2024 | Jun 14, 2024 | $0.5 | Quarterly |
| Feb 1, 2024 | Mar 26, 2024 | Feb 22, 2024 | $0.5 | Quarterly |
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