Meta Reports Q4 2023 Results: Revenue Surges by 25% YoY
In its latest report, Meta reveals a remarkable 25% increase in total revenue for Q4 2023 compared to the previous year, reaching a staggering $40,111 million. The revenue breakdown highlights advertising revenue at $38,706 million, followed by other app-related earnings totaling $334 million, and Reality Labs’ revenue at $1,071 million. The company’s net profit stands at an impressive $14,017 million.
Meta’s CEO and founder, Mark Zuckerberg, expressed his satisfaction with the company’s performance in the statement accompanying the report. He acknowledged the continuous growth and advancements in both the community and business sectors, with particular emphasis on Meta’s strides in AI and the Metaverse.
The monthly active users (MAUs) for Facebook have seen a significant increase, reaching 3,065 million accounts. Moreover, Meta’s overall user base across all platforms stands at a remarkable 3.98 billion people.
In a noteworthy move, Meta announced its inaugural dividend payout of $0.50 per share to shareholders, with plans to continue such distributions on a quarterly basis.
TLDR: Meta’s Q4 2023 report reveals a remarkable 25% surge in total revenue, reaching $40,111 million. Mark Zuckerberg, the CEO, expressed satisfaction with Meta’s progress in various sectors, including AI and the Metaverse. The monthly active users for Facebook have reached 3,065 million, while Meta’s overall user base across all platforms stands at an impressive 3.98 billion. Additionally, Meta announced its first-ever dividend payout of $0.50 per share, with plans for regular quarterly distributions.
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