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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 40.6B | 3.9% |
| Gross Profit | 33.2B | 4.6% |
| Cost of Revenue | 7.38B | 0.9% |
| Operating expense | 15.9B | 6.2% |
| Net Income | 15.7B | 16.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 256B | 11.4% |
| Total Liabilities | 91.9B | 25% |
| Total Equity | 165B | 5% |
| Shares Outstanding | 2.53B | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 24.7B | 27.6% |
| Cash from investing | -8.62B | 3.9% |
| Cash from financing | -4.37B | 60.9% |
EPS
Financial Highlights for Meta in Q3 '24
Meta reported a revenue of 40.6B, which is a 3.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 33.2B, marking a 4.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 7.38B, a 0.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 15.9B, showing a -6.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 15.7B, showing a 16.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Meta with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
