Social ads · AI infrastructure · In-house silicon (MTIA)
Meta Platforms
Social big-tech operator of Facebook, Instagram and WhatsApp. FY2025 revenue was $201.0B (+22%), mostly ads. It raised cash capex from $37.3B to $69.7B in one year (+87%) for AI data centers. It buys Nvidia Hopper GPUs among the largest alongside Microsoft (224k units in 2024), runs Llama on AMD MI300X, and co-develops its own MTIA chip with Broadcom, built at TSMC. A key demand sink for AI chips.
META Updated
Money in ▸광고·소비자 (Facebook·Instagram·WhatsApp)●Revenue $201BReality Labs (VR·AR)◐Revenue $2.2B
Meta PlatformsFY2025 revenue $201.0B
Financials & Segments
- Total revenue · FY2025 revenue $201.0B (+22%)
- Customer concentration · Demand sink for AI infrastructure. Cash capex $69.7B (FY2025, up 87% from $37.3B). GPUs from Nvidia (224k Hopper units in 2024, among the largest with Microsoft) and AMD MI300X (Llama inference); its own MTIA chip is co-developed with Broadcom and built at TSMC 5nm.
- Segments · Family of Apps · Reality Labs
Revenue from
- 광고·소비자 (Facebook·Instagram·WhatsApp) High confidence· Revenue $201B · FY2025 · 10-K annual total revenue
The demand end of the chain: Family of Apps advertising is most of revenue. FY2025 total revenue $201.0B (+22%).Confirms EN SEC EDGAR Published Jan 29, 2026: "FY2025 total revenue $201.0B (+22%), mostly Family of Apps advertising." - Reality Labs (VR·AR) Medium confidence· Revenue $2.2B · FY2025 · 10-K segment revenue
VR/AR hardware and content: $2.2B revenue but a $19.2B operating loss, a long-term AI/metaverse bet.Confirms EN SEC EDGAR Published Jan 29, 2026: "Reality Labs FY2025 revenue $2.2B, operating loss $19.2B."
Pays to
- NVIDIA High confidence· Units 224,000 (est.) · CY2024 · Omdia estimate
Among the largest Nvidia Hopper GPU buyers alongside Microsoft: about 224k units in 2024 (Omdia), roughly 9% of Nvidia revenue.Mentions EN SEC EDGAR Published Jan 29, 2026: "10-K: FY2025 cash capex of $69.7B (up 87% from $37.3B), a surge in AI infrastructure and accelerator spend (vendors not named)."Confirms EN heise online Published Dec 19, 2024: "Per Omdia, Meta was the second-largest US buyer of Hopper chips in 2024 at about 224,000 units." - AMD High confidence
Runs Llama 3/4 inference on AMD Instinct MI300X; diversifies supply via long-term Nvidia and AMD deals.Confirms KO Seoul Economic Daily Accessed Jun 20, 2026: "AMD names Meta, with OpenAI and Microsoft, among MI300X customers."Mentions KO DigitalToday Accessed Jun 20, 2026: "Meta unveiled its own chip after large Nvidia and AMD deals." - Broadcom High confidence
Co-develops its own MTIA AI chip with Broadcom (chip design, packaging, networking; multi-gigawatt, multi-generation 2nm).Confirms EN Meta Newsroom Published Apr 15, 2026: "Meta announced co-developing several generations of custom XPUs (MTIA) with Broadcom across chip design, packaging and networking."Confirms KO Electronic Times Published Apr 15, 2026: "Broadcom and Meta deepen their AI-chip alliance, accelerating diversification from Nvidia."Confirms EN Tom's Hardware Accessed Jun 20, 2026: "Broadcom is cited as the key ASIC partner designing and supplying Meta’s MTIA custom silicon." - TSMC High confidence
Has its own MTIA chip fabricated at TSMC 5nm (MTIA v2 mass production end-2025); 288GB HBM.Confirms EN Tom's Hardware Accessed Jun 20, 2026: "MTIA v2 enters mass production on TSMC 5nm by end-2025; MTIA 400 carries 288GB HBM."Mentions KO AI Times Accessed Jun 20, 2026: "Meta’s AI chips are made at TSMC, with Broadcom supporting the design." - SK hynix Medium confidence
Supplies HBM for MTIA (288GB) and data-center memory (supplier/volume undisclosed). - Astera Labs Medium confidence
A key hyperscaler customer buying retimers and fabric connectivity directly.Confirms EN SEC EDGAR Published Feb 10, 2026: "Astera Labs’ 10-K lists Meta among its concentrated hyperscaler customers."