Meta Platforms (META) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The company reported higher revenue year-over-year, continuing a trajectory of growth seen in recent periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The company reported higher revenue year-over-year, continuing a trajectory of growth seen in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$40.6B
Revenue reported for this quarter.
Quarter-over-quarter
+3.9%
Change from the immediately preceding quarter.
Year-over-year
+18.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$156.2B
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 |
|---|---|---|
| Dec 31, 2023 | $40.1B | +24.7% |
| Mar 31, 2024 | $36.5B | +27.3% |
| Jun 30, 2024 | $39.1B | +22.1% |
| Sep 30, 2024 | $40.6B | +18.9% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a sequential gain. When measured against the same quarter one year earlier, revenue also showed a significant increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. Compared to the same quarter one year earlier, revenue was notably higher, reflecting an expansion on an annual basis.
What to watch
No forward-looking statements or specific risk factors were discussed in the supplied filing context that directly relate to the quarter's revenue performance.