Meta Platforms stock holds as revenue and users stay strong

Meta Platforms (US30303M1027) is supported by a business that reported $164.5 billion in revenue for 2024, $62.4 billion in net income, and 3.35 billion family daily active people at 31 December 2024. The company also said capital expenditures reached $39.2 billion in 2024, underscoring the scale of its AI and infrastructure spending.

Revenue and profit scale

In 2024, revenue rose 22% from $134.9 billion in 2023 to $164.5 billion, according to Meta Platforms' latest annual filing. Net income increased from $39.1 billion to $62.4 billion over the same period, a year-on-year gain of $23.3 billion that highlights how operating leverage still matters for Meta stock.

Family daily active people climbed to 3.35 billion at 31 December 2024, up from 3.19 billion a year earlier. That increase of 160 million users gives the advertising business a larger base even before any new product cycle is considered.

Spending remains large

Capital expenditures were $39.2 billion in 2024, compared with $28.1 billion in 2023. The $11.1 billion increase shows how aggressively Meta is funding data centers, AI systems, and network infrastructure, while free cash flow and earnings growth remain the key numbers investors track.

For stock-market context, Meta Platforms shares closed at $??? on 27 July 2026, but that figure was not available in the search results for this call. The company remains one of the largest US-listed technology names by market capitalization, and its scale still shapes the valuation debate.

Family apps drive usage

Facebook, Instagram, WhatsApp, and Messenger remain the core product set behind Meta Platforms' revenue base. The latest annual figures show that the company continues to monetize a very large user pool, with 3.35 billion family daily active people at year-end 2024 and revenue growing faster than the prior year.

Market context matters

Meta stock is still driven by the same combination that matters in its annual numbers: user reach, advertising monetization, and capital intensity. The 2024 figures show a company that added $29.6 billion of revenue year on year while also lifting net income by $23.3 billion, a rare mix of growth and profit expansion at this scale.