In the first quarter of 2024, Meta's net income amounted to 12 billion U.S. dollars, down from 14 billion when compared to the previous quarter - a decrease of around 14 percent.
In the fourth quarter of 2016, Facebook elected to early adopt ASU 2016-09. As such, 2016 quarterly GAAP net income includes the impact of the ASU 2016-09 adoption. Q1 2019 includes a 3 billion U.S. dollar legal expense accrued in Q1 2019 related to the ongoing FTC matter as discussed in Q1 2019 press release. Q2 2019 includes an additional $2.0 billion legal expense accrued in the second quarter of 2019 related to the FTC settlement and $1.1 billion in income taxes due to the developments in AlteraCorp. v. Commissioner as discussed in Q2 2019 Press Release. Q3 of 2020 reflects a one-time income tax benefit of 913 million U.S. dollars related to effects of a tax election to capitalize and amortize certain research and development expenses for purposed related to the U.S. income tax.
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Meta Platforms. (April 24, 2024). Net income generated by Meta Platforms from 2nd quarter 2010 to 1st quarter 2024 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/223289/facebooks-quarterly-net-income/
Meta Platforms. "Net income generated by Meta Platforms from 2nd quarter 2010 to 1st quarter 2024 (in million U.S. dollars)." Chart. April 24, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/223289/facebooks-quarterly-net-income/
Meta Platforms. (2024). Net income generated by Meta Platforms from 2nd quarter 2010 to 1st quarter 2024 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/223289/facebooks-quarterly-net-income/
Meta Platforms. "Net Income Generated by Meta Platforms from 2nd Quarter 2010 to 1st Quarter 2024 (in Million U.S. Dollars)." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/223289/facebooks-quarterly-net-income/
Meta Platforms, Net income generated by Meta Platforms from 2nd quarter 2010 to 1st quarter 2024 (in million U.S. dollars) Statista, https://www.statista.com/statistics/223289/facebooks-quarterly-net-income/ (last visited July 22, 2024)
Net income generated by Meta Platforms from 2nd quarter 2010 to 1st quarter 2024 (in million U.S. dollars) [Graph], Meta Platforms, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/223289/facebooks-quarterly-net-income/