Meta Platforms, Inc. Q3 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

Business Performance Highlights

  • Total people using at least one Meta app daily reached 3.5 billion, continuing steady growth from prior quarters.
  • Instagram surpassed 3 billion monthly actives; Threads exceeded 150 million daily actives (up strongly from earlier 2025).
  • AI‑driven engagement improvements:
    • Facebook time spent up 5% YoY.
    • Threads time spent up 10% q/q due to ranking optimizations.
    • Instagram video time spent up more than 30% YoY.
  • Reels reached a $50 billion annual revenue run rate.
  • Meta AI now used by over 1 billion monthly actives; Vibes (AI creative tool) showing rapid weekly adoption growth.

Financial Results (YoY comparisons)

  • Total revenue: $51.2 billion, up 26%.
  • Family of Apps (FoA) revenue: $50.8 billion, up 26%.
  • Ad revenue: $50.1 billion, up 26% (25% constant currency).
  • Ad impressions: +14%; average price per ad: +10%.
  • FoA “other revenue”: $690 million, up 59%, driven by WhatsApp paid messaging and Meta Verified.
  • Reality Labs revenue: $470 million, up 74%, boosted by early stocking of Quest headsets and strong AI glasses demand.

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Operator: Good afternoon. My name is Christa, and I will be your conference operator today. At this time, I would like to welcome everyone to the Meta Third Quarter Earnings Conference Call. [Operator Instructions] This call will be recorded. Thank you very much. Kenneth Dorell, Meta's Director of Investor Relations. You may begin. Kenneth Dorell: Thank you. Good afternoon, and welcome to Meta's Third Quarter 2025 Earnings Conference Call. Joining me today are Mark Zuckerberg, CEO; and Susan Li, CFO. Our remarks today will include forward-looking statements, which are based on assumptions as of today. Actual results may differ materially as a result of various factors, including those set forth in today's earnings press release and in our quarterly report on Form 10-Q filed with the SEC. We undertake no obligation to update any forward-looking statement. During this call, we will present both GAAP and certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release. The earnings press release and an accompanying investor presentation are available on our website at investor.atmeta.com. And now I'd like to turn the call over to Mark. Mark Zuckerberg: All right. Thanks, Ken. Thanks, everyone, for joining today. We had another strong quarter with 3.5 billion people using at least one of our apps every day. Instagram had a major milestone with 3 billion monthly actives, and we're seeing good momentum across our other

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