Meta Platforms (META) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the preceding quarter and the same quarter one year earlier. The trailing twelve-month revenue also reflected growth over the prior year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the preceding quarter and the same quarter one year earlier. The trailing twelve-month revenue also reflected growth over the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$40.1B
Revenue reported for this quarter.
Quarter-over-quarter
+17.5%
Change from the immediately preceding quarter.
Year-over-year
+24.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$134.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $28.6B | +2.6% |
| Jun 30, 2023 | $32B | +11.0% |
| Sep 30, 2023 | $34.1B | +23.2% |
| Dec 31, 2023 | $40.1B | +24.7% |
Revenue performance
The rate of year-over-year revenue growth was higher than in the preceding quarter.
Quarterly comparison
Sequentially, revenue rose from the immediately preceding quarter. Year-over-year, revenue was substantially higher than the same quarter last year.
What to watch
The trajectory of revenue growth will be closely watched in upcoming reports.