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Meta’s Q3 2024 revenue is up, but so are Reality Labs losses



What you need to know

  • Meta announced its Q3 2024 financial earnings.
  • The company reported a revenue increase of 19% to $40.6 billion, aided by its AI efforts.
  • Mark Zuckerberg teased Llama 4, which is expected to launch in 2025 with improved capabilities.
  • Reality Labs saw a slight increase in revenue, but its losses continue to widen.
  • Meta launched the more affordable Quest 3S recently, which is expected to be a hit during the holiday season.

Meta had a great quarter, as highlighted by its Q3 2024 earnings report on Wednesday. The company saw its revenue reach more than $40.5 billion, up 19% from the same quarter in 2023.

Ads made up the majority of Meta’s revenue, but CEO Mark Zuckerberg also attributed the company’s other ventures as key drivers of the increase, particularly AI.



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