脸书 2025年季度报告

FORM10-Q____________________________________________ (Mark One)☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission File Number:001-35551____________________________________________ Meta Platforms, Inc. (Exact name of registrant as specified in its charter)____________________________________________ 20-1665019 Delaware (I.R.S. Employer Identification Number) (State or other jurisdiction of incorporation or organization) 1 Meta Way,Menlo Park,California94025(Address of principal executive offices and Zip Code) (650)543-4800(Registrant's telephone number, including area code)____________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading symbol(s)Name of each exchange on which registeredClass A Common Stock, $0.000006 par valueMETAThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant(1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 (Exchange Act)during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements forthe past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of theExchange Act. Large accelerated filer☒Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer's classes of Common Stock, as of the latest practicable date. ClassClassA Common Stock$0.000006 par valueClass B Common Stock$0.000006 par value 2,171,148,098shares outstanding as of April 25, 2025343,179,151shares outstanding as of April 25, 2025 Meta Platforms, Inc. Form 10-QFor the Quarterly Period Ended March31, 2025 TABLE OF CONTENTS Note About Forward-Looking Statements3Limitations of Key Metrics and Other Data4PART I—FINANCIAL INFORMATION6Item 1.Financial Statements (unaudited)6Condensed Consolidated Balance Sheets—March31, 2025and December31, 20246Condensed Consolidated Statements of Income—for the threemonths endedMarch31, 2025and 20247Condensed Consolidated Statements of Comprehensive Income—for the threemonths endedMarch31, 2025and20248Condensed Consolidated Statements of Stockholders' Equity—for the threemonthsendedMarch31, 2025and20249Condensed Consolidated Statements of Cash Flows—for thethreemonths endedMarch31, 2025and 202410Notes to Condensed Consolidated Financial Statements12Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk44Item 4.Controls and Procedures44PART II—OTHER INFORMATION45Item 1.Legal Proceedings45Item1A.Risk Factors51Item 2.Unregistered Sales of Equity Securities and Use of Proceeds88Item 5.Other Information89Item 6.Exhibits90SIGNATURES91 NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements. All statements contained in this Quarterly Report onForm 10-Q other than statements of historical fact, including statements regarding our future results of operations and financialposition, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words"believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identifyforward-looking statements. We have based these forward-looking statements largely on our current expectations and projections aboutfuture events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term andlong-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks,uncertainti