ALT Sankey diagram illustrating Meta's FY24 Income Statement (year ended Dec 31 2024). On the left, revenue sources are shown: Advertising ($160.6B) and Other revenue ($1.7B), which combine to form Family of Apps revenue ($162.4B) and Reality Labs revenue ($2.1B). These then merge into total Revenue ($164.5B). The revenue then flows into Cost of revenue ($30.2B) resulting in Gross profit ($134.3B). Operating expenses ($65.0B), broken down into R&D ($43.9B), Marketing and sales ($11.3B), and G&A ($9.7B), are subtracted from the Gross profit to yield Operating profit ($70.7B). Finally, Interest and other income ($1.3B) is added and Tax ($8.3B) is subtracted to arrive at Net profit ($62.4B). Year-over-year growth rates are provided for each stage.