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- User Engagement and Growth:
- “More than 3.1 billion people use at least one of our apps each day.”
- Revenue and Growth:
- “Returned to strong revenue growth.”
- “Reality Labs crossed $1 billion in revenue in Q4 for the first time.”
- Product and Feature Engagement:
- “Threads now has more people actively using it today than it did during its initial launch peak.”
- “Quest app was the most downloaded app in the App Store on Christmas Day.”
- AI and Infrastructure:
- “By the end of this year, we’ll have about 350,000 H100s, and including other GPUs, that will be around 600,000 H100 equivalents of compute.”
- “State-of-the-art large language models have been trained on roughly 10x the amount of compute each year.”
- Financials and Investments:
- “Fourth quarter operating income was $16.4 billion, representing a 41% operating margin.”
- “Net income was $14 billion or $5.33 per share.”
- “Capital expenditures, including principal payments on finance leases, were $7.9 billion.”
- “Free cash flow was $11.5 billion.”
- “End of the year with $65.4 billion in cash and marketable securities and $18.4 billion in debt.”
- “Repurchased $6.3 billion of our Class A stock, bringing total share repurchases for the full year to $20 billion.”
- “Had $30.9 billion remaining on our prior authorization as of December 31.”
- Announced a “$50 billion increase in our stock repurchase authorization.”
- Family of Apps Segment:
- “Full year 2023, Family of Apps total revenue was $133 billion and ad revenue was $131.9 billion, each up 16% year-over-year.”
- “Q4 total Family of Apps revenue was $39 billion, up 24% year-over-year.”
- “Q4 Family of Apps ad revenue was $38.7 billion, up 24%.”
- “Family of Apps other revenue was $334 million in Q4, up 82%.”
- “Family of Apps expenses were $18 billion in Q4.”
- “Family of Apps operating income was $21 billion, representing a 54% operating margin.”
- Reality Labs Segment:
- “Q4 revenue was $1.1 billion, up 47%.”
- “Reality Labs expenses were $5.7 billion, up 14% year-over-year.”
- “Reality Labs operating loss was $4.6 billion.”
- Outlook and Projections:
- “First quarter 2024 total revenue to be in the range of $34.5 billion to $37 billion.”
- “Full year 2024 total expenses to be in the range of $94 billion to $99 billion.”
- “Full year 2024 capital expenditures will be in the range of $30 billion to $37 billion.”
- “Expect our full year 2024 tax rate to be in the mid-teens.”