Revenue and Profit
- Total revenue: $42.31 billion, up 16 percent year-over-year
- Net income: $16.64 billion, up 35 percent
- Diluted EPS: $6.43, up 37 percent
- Operating margin: 41 percent
- Income from operations: $17.56 billion
Key Metrics
- Family daily active people: 3.43 billion, up 6 percent
- Ad impressions: up 5 percent
- Average price per ad: up 10 percent
- Revenue growth on a constant currency basis: 19 percent
- Effective tax rate: 9 percent
Spending and Cash Flow
- Costs and expenses: $24.76 billion, up 9 percent
- Capital expenditures: $13.69 billion
- Free cash flow: $10.33 billion
- Cash, cash equivalents, and marketable securities: $70.23 billion
Capital Returns
- Share repurchases: $13.40 billion
- Dividends and equivalents: $1.33 billion
Segment Results
- Family of Apps revenue: $41.9 billion
- Income from operations: $21.77 billion
- Reality Labs revenue: $412 million
- Operating loss: $4.21 billion
Outlook
- Q2 2025 revenue guidance: $42.5 to $45.5 billion
- Full-year expense outlook: $113 to $118 billion (lowered)
- Full-year capital expenditures: $64 to $72 billion (increased)
- Expected full-year tax rate: 12 to 15 percent
Regulatory Note
Meta expects potential business impact in Europe starting Q3 2025 due to EU Digital Markets Act compliance issues affecting its ad-subscription model.