Key TakeawaysKey Takeaways
- Meta reported a record $165 billion in revenues in 2024, fueled by AI advancements in its advertising business.
- Overall, 99% of annual revenues were from advertising while its augmented reality division, Reality Labs, brought in the remaining.
- Chinese giants Temu and Shein were among the company’s largest customers as of Q3 2024, leveraging Meta’s audience of more than three billion users across its platforms.
🔗 visualcapitalist.com
pull down to refresh
related posts
Meta 99% ads. Crazy to think all that just to sell products and services
Crazy thing is, people actually eat that stuff! The other day, I was talking with some friends, and one of them said the ads were actually useful for finding discounts. I was speechless!
Ads do work for sure but I’m just shocked it’s 99% of their revenue
Meh... only by the books... the amount of data they have... I am sure they sell it not only to ads providers.
Profit by "Gossip".