FoA revenue increased 16% YoY, contributing the vast majority of Meta's total revenue. This segment continues to be the core revenue driver.

RL revenue decreased 6% YoY, indicating challenges in the growth of the metaverse and related hardware. This segment is not yet a significant revenue contributor.

Advertising revenue increased 16% YoY, driven by a 5% increase in ad impressions delivered and a 10% increase in average price per ad. This shows a balance of volume and pricing power.

Headcount reached 76,834 as of March 31, 2025, an 11% increase YoY. This reflects continued investment in personnel to support growth initiatives.

The report highlights significant investments in AI initiatives, including generative AI, to recommend relevant content, enhance advertising tools, develop new products, and develop new features for existing products.

The report mentions that the increase in costs and expenses was partially offset by lower legal-related costs, indicating some success in cost management.

The report mentions a challenging litigation and regulatory environment, including complex and evolving laws and regulations, as well as the scale of the business and the size of the user and advertiser base.

The report highlights the risk of security breaches, improper access to or disclosure of data, and other cyber incidents, as well as intentional misuse of services and other undesirable activity on the platform.

The report mentions that the business is highly competitive and faces significant competition in every aspect of its business.

The report acknowledges competition from other platforms, such as TikTok, that have reduced some users' engagement with Meta's products and services.

The report mentions that mobile operating system providers, such as Apple and Google, have implemented product changes and/or announced future plans to limit the ability of websites and application developers to collect and use signals to target and measure advertising.

While Reels is growing in usage, it monetizes at a lower rate than Feed and Stories products and we expect it will continue to monetize at a lower rate for the foreseeable future.

The depreciation growth rate decreased due to an extension in the useful lives of servers and network assets, effective January 1, 2025. This suggests improved asset management.

The report highlights the need to scale technical infrastructure to accommodate increased demands, suggesting ongoing efforts to improve operational efficiency.

The report mentions that the company implements organizational changes to pursue greater efficiency and realign business and strategic priorities.

The report highlights significant investments in AI initiatives, including generative AI, to recommend relevant content, enhance advertising tools, develop new products, and develop new features for existing products.

The report mentions significant investments in our metaverse and wearables efforts, including developing virtual, augmented, and mixed reality devices, software for social platforms, neural interfaces, and other foundational technologies.

The report mentions that the company regularly contributes software source code under open source and other permissive licenses and has made other technology we developed available under such licenses, and we include open source software in our products.

Meta repurchased $13.40B of Class A common stock during Q1 2025, signaling continued commitment to returning capital to shareholders.

Quarterly cash dividend increased by 5% to $0.525 per share of Class A and Class B common stock.

Capital expenditures are expected to be $64 billion to $72 billion in 2025 to support core business and generative AI efforts.

The report mentions that the company has entered into multi-year agreements to purchase renewable energy that do not specify a fixed or minimum volume commitment.

The report mentions that the company has implemented steps to comply with the above corrective orders following engagement with the IDPC.

The report mentions that the suppliers and business partners of our consumer hardware products to comply with laws and certain company policies regarding sourcing practices and standards on labor, trade compliance, health and safety, the environment, and business ethics.

The report mentions that advertising budgets have been pressured from time to time by factors such as inflation, economic policies and international trade, high interest rates, and related market uncertainty, which has led to reduced marketer spending.

The report mentions that the company is currently subject to increased business, macroeconomic, and geopolitical uncertainty, including as a result of volatility around international trade, which could impact our financial results in future periods.

The report mentions that the company is subject to legislative and regulatory developments, such as the General Data Protection Regulation, including its evolving interpretation through decisions of the Court of Justice of the European Union, ePrivacy Directive, European Digital Services Act, Digital Markets Act, and U.S. state privacy laws including the California Consumer Privacy Act, as amended by the California Privacy Rights Act, have impacted our ability to use data signals in our ad products.