The short version

Ben Thompson predicted on October 29, 2024: “For 2024, while we now forecast Family of Apps revenues of $151.2 billion (almost $30 billion below the forecast made on February 2, 2022), our current all-in Meta operating profit estimate of $56.8 billion is also essentially in line.” Verdict: Partially right. Meta's actual 2024 Family of Apps (FoA) revenue was $146.9 billion,…

Prediction by

Ben Thompson

On October 29, 2024

“For 2024, while we now forecast Family of Apps revenues of $151.2 billion (almost $30 billion below the forecast made on February 2, 2022), our current all-in Meta operating profit estimate of $56.8 billion is also essentially in line.”

Follow-up

Meta's actual 2024 Family of Apps (FoA) revenue was $146.9 billion, missing the $151.2B forecast by ~$4.3B. Operating income was $61.5B, exceeding the $56.8B estimate.

From the High Caliber AI network — see the AI for PR module in the course.