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Valuation

January 28th, 2026

Krista

Afternoon. My name is Krista and I will be your conference operator today. At this time, I would like to welcome everyone to the Meta Fourth Quarter and Full Year 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be an opportunity to ask questions. And this call will be recorded. Thank you very much. Kenneth J.

Dorell, Meta's Director of Investor Relations. You may begin.

Kenneth J. Dorell

Thank you. Good afternoon, and welcome to Meta Platforms' Fourth Quarter and Full Year 2025 Earnings Conference Call. Joining me today to discuss our results are Mark Elliot 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 statements. Performed very well, thanks to record-breaking holiday demand and AI-driven performance gains.

Mark Elliot Zuckerberg

We are now seeing a major AI acceleration. I expect 2026 to be a year where this wave accelerates even further on several fronts. We're starting to see agents really work. This will unlock the ability to build completely new products and transform how we work. In '25, we rebuilt the foundations of our AI program. Over the coming months, we're going to start shipping our new models and products. I expect our first models will be good, but more importantly, we'll show...

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Earnings Call Transcripts:

Q4 '25

January 28th, 2026

Q3 '25

October 29th, 2025

Q2 '25

July 30th, 2025

Q1 '25

April 30th, 2025

Q4 '24

January 29th, 2025

Q3 '24

October 30th, 2024

Q2 '24

July 31st, 2024

Q1 '24

April 24th, 2024

Q4 '23

February 1st, 2024

Q3 '23

October 25th, 2023

Q2 '23

July 26th, 2023