Meta Platforms Inc. (NASDAQ: META) released its Q1 2024 financial results on April 24, 2024, reporting strong performance across its Family of Apps and significant progress in AI and Reality Labs initiatives. The company posted a revenue of $36.46 billion, a 27% increase from the previous year, and a net income of $12.37 billion. CEO Mark Zuckerberg highlighted the continued momentum in app growth and advancements in AI and virtual reality as key drivers of their success this quarter.
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About Meta
Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.
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