METAMeta Platforms

Communication · Internet & Software Services · Nasdaq

Our mission is to build the future of human connection and the technology that makes it possible. 10-K, Item 1

Employees: 78,865
Headquarters: Menlo Park, CA
CEO: Mark Zuckerberg
Next results: around Jan 27, 2027

The biggest changes in the 10-K filed 2026-01-29, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+26.8% Big change FY to 2025-12-31 vs 2024-12-31

“The increase in cash flows from operating activities during 2025 compared to 2024, was primarily due to an increase in cash collections from our customers driven by the increase in revenue and lower cash paid for income taxes, partially offset by higher operational spending.”
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Revenue

+22.2% Big change FY to 2025-12-31 vs 2024-12-31

“Total revenue for 2025 was $200.97 billion, an increase of 22% compared to 2024, due to an increase in advertising revenue.”
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“Advertising revenue in 2025 increased $35.54 billion, or 22%, compared to 2024 due to increases in ad impressions delivered and average price per ad.”
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Operating margin

42.2% → 41.4% (-0.7 pts) FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Net income

-3.1% FY to 2025-12-31 vs 2024-12-31

“Interest and other income, net in 2025 increased $1.37 billion, or 107% compared to 2024, due to an increase in other income (expense), net, related to the unrealized gains on our marketable and non-marketable equity investments.”
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“Our provision for income taxes in 2025 increased $17.17 billion or 207% compared to 2024, primarily due to an increase in the effective tax rate.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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