Meta Platforms had a strong year in 2024, with impressive growth in revenue and user base.

From Nasdaq: 2025-02-06 04:15:00

Meta Platforms (NASDAQ: META) had a standout year in 2024, with a 65% stock jump and impressive growth in revenue and operating income. The company’s AI assistant is the most widely used, and its new smart glasses sold over 1 million units.

Despite burning billions in Reality Labs, Meta saw a 22% revenue increase to $164.5 billion and a 48% rise in operating income to $69.4 million. Its user base hit 3.35 billion, with daily active users up 5% to 160 million additions in one year.

Meta’s dominance in AI and social media platforms is driving ad revenue growth, with a 6% increase in ad impressions and a 14% rise in average price per ad. The company’s operating margin reached 60% on $47.3 billion in revenue in the fourth quarter.

With its strong user growth, profitable business model, and affordable valuation, Meta Platforms is a solid investment. The company’s success in advertising shows its efficient revenue generation and potential for further growth.

Investors should consider Meta Platforms’ steady user growth, high profitability, and promising future outlook. While it wasn’t among the 10 best stocks to buy according to Motley Fool, Meta’s performance and market dominance make it a compelling investment option.



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