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Meta Reports Strong Q4 2024 Growth Despite AI Competition

Dennis Waweru by Dennis Waweru
January 31, 2025
in News
Reading Time: 2 mins read
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Meta

Meta Platforms, Inc. has reported a strong fourth-quarter performance for 2024, demonstrating significant growth across its services and outlining plans for artificial intelligence (AI) integration. However, competition in the AI space is intensifying, particularly from emerging players like DeepSeek, which aims to disrupt the AI ecosystem with its advanced language models.

In Q4 2024, Meta’s revenue reached $48.39 billion, marking a 21% increase compared to the same period in the previous year. For the full year, revenue totaled $164.50 billion, reflecting a 22% year-over-year growth. These gains were driven by a 6% rise in ad impressions and a 14% increase in the average price per ad during the quarter.

The company’s total costs and expenses for Q4 stood at $25.02 billion, a 5% increase from the previous year. Capital expenditures reached $14.84 billion, while free cash flow amounted to $13.15 billion. As of December 31, 2024, Meta held $77.81 billion in cash, cash equivalents, and marketable securities, with long-term debt of $28.83 billion.

Meta’s family of apps, including Facebook, Instagram, WhatsApp, and Threads, saw daily active users (DAUs) reach 3.35 billion in December 2024, a 5% increase year-over-year. Threads, Meta’s alternative to X (formerly Twitter), achieved 320 million monthly active users, with one million daily sign-ups, indicating rapid user adoption.

CEO Mark Zuckerberg emphasized Meta’s commitment to AI, stating, “I expect this to be the year when a highly intelligent and personalized AI assistant reaches more than one billion people, and I expect Meta AI to be that leading AI assistant.” This initiative underscores Meta’s strategy to integrate AI across its platforms to enhance user experiences, improve ad targeting, and drive engagement.

However, Meta faces growing competition from DeepSeek, a rising AI contender that has been developing advanced large language models (LLMs) designed to rival OpenAI’s ChatGPT and Google’s Gemini. DeepSeek has made significant strides in AI research and enterprise applications, gaining traction among developers and businesses looking for high-performance AI solutions.

Future Outlook

Looking ahead, Meta projects Q1 2025 revenue to be between $39.5 billion and $41.8 billion, representing 8-15% year-over-year growth. This forecast accounts for an anticipated 3% headwind due to foreign currency exchange rates.

While Meta remains dominant in social media and digital advertising, its AI ambitions will be tested by DeepSeek and other AI innovators. The battle for AI supremacy is heating up, with Meta aiming to solidify its position while fending off competition from new and disruptive players in the space.

Tags: AIFacebookMark ZuckerbergMeta
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Dennis Waweru

Dennis Waweru

I don't like coffee or writing my bio

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