Meta Platforms(US:META)2025-04-30 20:16Financial Performance - Revenue for Q1 2025 was $42.31 billion, a 16% increase year-over-year from $36.46 billion in Q1 2024[2] - Net income for Q1 2025 reached $16.64 billion, reflecting a 35% increase compared to $12.37 billion in Q1 2024[2] - Diluted earnings per share (EPS) increased by 37% to $6.43 in Q1 2025, up from $4.71 in Q1 2024[2] - Total revenue for Q1 2025 reached $42,314 million, a 16% increase compared to $36,455 million in Q1 2024[34] - Advertising revenue in Q1 2025 was $41,392 million, reflecting a 16% year-over-year growth from $35,635 million in Q1 2024[34] - Net income for Q1 2025 was $16,644 million, up from $12,369 million in Q1 2024, representing a year-over-year increase of 34.5%[29] Expenses and Cash Flow - Total costs and expenses for Q1 2025 were $24.76 billion, a 9% increase from $22.64 billion in Q1 2024[5] - Free cash flow for Q1 2025 was $10,334 million, down from $12,531 million in Q1 2024[34] - Net cash provided by operating activities was $24,026 million in Q1 2025, an increase from $19,246 million in Q1 2024[34] - The company spent $12,941 million on property and equipment in Q1 2025, significantly higher than $6,400 million in Q1 2024[34] Capital Expenditures and Outlook - Capital expenditures for Q1 2025 totaled $13.69 billion, with a full-year outlook of $64-72 billion, increased from a prior estimate of $60-65 billion[8] - The company expects Q2 2025 total revenue to be in the range of $42.5-45.5 billion, assuming a 1% tailwind from foreign currency[6] User Engagement - Family daily active people (DAP) averaged 3.43 billion in March 2025, marking a 6% year-over-year growth[5] Tax and Regulatory Environment - The effective tax rate for Q1 2025 was 9%, down from 13% in Q1 2024[2] - The company is monitoring regulatory challenges in the EU that may impact its business model and revenue starting in Q3 2025[10] Segment Performance - Family of Apps segment generated $41,902 million in revenue for Q1 2025, compared to $36,015 million in Q1 2024, marking a 16% increase[32] - Reality Labs segment reported a revenue of $412 million in Q1 2025, slightly down from $440 million in Q1 2024[32] Cash and Securities - Cash, cash equivalents, and marketable securities amounted to $70.23 billion as of March 31, 2025[5] - Total cash, cash equivalents, and restricted cash equivalents at the end of Q1 2025 were $30,071 million, down from $33,284 million at the end of Q1 2024[29] Foreign Exchange Impact - The effect of foreign exchange on 2025 revenue using 2024 rates was an increase of $1,237 million[34]