Meta Platforms Inc - Ordinary Shares - Class A

**Strong Revenue Growth**: Meta Platforms reported Q3 2024 total revenue of $40.6 billion, representing a year-over-year increase of 19%, with ad revenue specifically rising by 19% as well, driven by strong performance in online commerce, healthcare, and entertainment sectors. The company anticipates Q4 2024 revenue in the range of $45 billion to $48 billion.

**AI Integration Across Products**: There is a notable push towards integrating AI across Meta's products, particularly with Meta AI and Llama. AI-driven features have led to engagement increases, including an 8% rise in time spent on Facebook and a 6% increase on Instagram. The adoption of AI tools is widespread among advertisers, with over a million using these capabilities, leading to improved ad conversions.

**Reality Labs Challenges and Investments**: While the Reality Labs segment showed year-over-year revenue growth of 29% to $270 million, it still reported a significant operating loss of $4.4 billion. The company continues to invest heavily in this area, which is expected to incur greater losses in 2024 due to ongoing product development efforts and scaling initiatives.