MAAT INDEX

CLAIM #41804 · Meta Platforms Inc. (META) · 2024Q2 earnings call · Jul 31, 2024 · due Dec 31, 2024

And generally we expect continued community growth foracross our apps.

Susan Li · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
we expect continued community growth for/across our apps
Reported
We estimate that there are now more than 3.2 billion people using at least one of our apps each day

In context

there is a ton of work between now and there. I mean, we are almost at 200 million. So it is a really good milestone, I'm excited about that. A lot of work between this and it being a large part of the business. But I do think that these kind of opportunities are pretty rare and that's something that we are just really excited about. I think the team is doing great work on it. Susan Li: Eric, I would just add to that in terms of [nearer-term] (ph) sources of impression growth, we really expect that video is going to remain a source of impression growth for us in the second half. On Instagram, we expect Reels to continue to drive growth, while on Facebook, we expect to grow overall video time, while increasing the mix of short-form video, which creates more impression growth opportunities. And generally we expect continued community growth foracross our apps. Operator: Your next question comes from the line of Doug Anmuth with JPMorgan. Please go ahead. Douglas Anmuth: Hi, thanks for taking my questions. One for Mark, one for Susan. Mark just in terms of infrastructure and CapEx, you've talked about currently building out not just for Llama 3 and 4 but really out to 7 perhaps and then Llama 4, 10x the compute required versus Llama 3. Just given how much you are building ahead, how does that influence the shape of the CapEx curve over a multiyear period? And then Susan, if you could talk a little bit more about the 3Q outlook. I know you are talking about tougher comps, but at the same time, it really suggests only 1 point of FX neutral [decel] (ph) at the high end. So just curious if there's anything else you can point to more specifically tha

Verify independently

SEC filings for META · Claim quote is verbatim from the 2024Q2 earnings call.