Technology

Meta Reports Fourth Quarter and Full Year 2024 Results

Published

1 year ago

January 29, 2025

MENLO PARK, Calif., Jan. 29, 2025 /PRNewswire/ — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2024.

“We continue to make good progress on AI, glasses, and the future of social media,” said Mark Zuckerberg, Meta founder and CEO. “I’m excited to see these efforts scale further in 2025.”

Fourth Quarter and Full Year 2024 Financial Highlights

Three Months Ended December 31,

% Change

Twelve Months Ended December 31,

% Change

In millions, except percentages and

per share amounts

2024

2023

2024

2023

Revenue

$ 48,385

$ 40,111

21 %

$ 164,501

$ 134,902

22 %

Costs and expenses

25,020

23,727

5 %

95,121

88,151

8 %

Income from operations

$ 23,365

$ 16,384

43 %

$ 69,380

$ 46,751

48 %

Operating margin

48 %

41 %

42 %

35 %

Provision for income taxes

$ 2,715

$ 2,791

(3) %

$ 8,303

$ 8,330

— %

Effective tax rate

12 %

17 %

12 %

18 %

Net income

$ 20,838

$ 14,017

49 %

$ 62,360

$ 39,098

59 %

Diluted earnings per share (EPS)

$ 8.02

$ 5.33

50 %

$ 23.86

$ 14.87

60 %

Fourth Quarter and Full Year 2024 Operational and Other Financial Highlights

Family daily active people (DAP) – DAP was 3.35 billion on average for December 2024, an increase of 5% year-over-year.Ad impressions – Ad impressions delivered across our Family of Apps increased by 6% and 11% year-over-year for the fourth quarter and full year 2024, respectively.Average price per ad – Average price per ad increased by 14% and 10% year-over-year for the fourth quarter and full year 2024, respectively.Revenue – Revenue was $48.39 billion and $164.50 billion, representing increases of 21% and 22% year-over-year for the fourth quarter and full year 2024, respectively. Revenue on a constant currency basis would have increased 21% and 23% year-over-year for the fourth quarter and full year 2024, respectively.Costs and expenses – Total costs and expenses were $25.02 billion and $95.12 billion, representing increases of 5% and 8% year-over-year for the fourth quarter and full year 2024, respectively. The fourth quarter costs and expenses included a favorable impact of $1.55 billion due to a decrease in the accrued losses for certain legal proceedings.Capital expenditures – Capital expenditures, including principal payments on finance leases, were $14.84 billion and $39.23 billion for the fourth quarter and full year 2024, respectively.Capital return program – Share repurchases of our Class A common stock were nil and $29.75 billion, and total dividend and dividend equivalent payments were $1.27 billion and $5.07 billion for the fourth quarter and full year 2024, respectively.Cash, cash equivalents, and marketable securities – Cash, cash equivalents, and marketable securities were $77.81 billion as of December 31, 2024. Free cash flow was $13.15 billion and $52.10 billion for the fourth quarter and full year 2024, respectively.Long-term debt – Long-term debt was $28.83 billion as of December 31, 2024.Headcount – Headcount was 74,067 as of December 31, 2024, an increase of 10% year-over-year.

CFO Outlook Commentary

We expect first quarter 2025 total revenue to be in the range of $39.5-41.8 billion. This reflects 8-15% year-over-year growth, or 11-18% growth on a constant currency basis as our guidance assumes foreign currency is an approximately 3% headwind to year-over-year total revenue growth, based on current exchange rates. This also reflects the effect of lapping leap day in the first quarter of 2024. While we are not providing a full year 2025 revenue outlook, we expect the investments we are making in our core business this year will give us an opportunity to continue delivering strong revenue growth throughout 2025.

We expect full year 2025 total expenses to be in the range of $114-119 billion. We expect the single largest driver of expense growth in 2025 to be infrastructure costs, driven by higher operating expenses and depreciation(1). We expect employee compensation to be the second-largest factor as we add technical talent in the priority areas of infrastructure, monetization, Reality Labs, generative artificial intelligence (AI), as well as regulation and compliance.

We anticipate our full year 2025 capital expenditures will be in the range of $60-65 billion. We expect capital expenditures growth in 2025 will be driven by increased investment to support both our generative AI efforts and core business. The majority of our capital expenditures in 2025 will continue to be directed to our core business.

Absent any changes to our tax landscape, we expect our full year 2025 tax rate to be in the range of 12-15%.

In addition, we continue to monitor an active regulatory landscape, including legal and regulatory headwinds in the EU and the U.S. that could significantly impact our business and our financial results.

________________________

(1) In January 2025, we completed an assessment of the useful lives of certain servers and network assets, which resulted in an increase in their estimated useful life to 5.5 years, effective beginning fiscal year 2025. Based on the servers and network assets placed in service as of December 31, 2024, we expect this change in accounting estimate will reduce our full year 2025 depreciation expense by approximately $2.9 billion. This is factored into our outlook.

Webcast and Conference Call Information

Meta will host a conference call to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET today. The live webcast of Meta’s earnings conference call can be accessed at the Meta Investor Relations website at investor.atmeta.com, along with the earnings press release, financial tables, and slide presentation.

Following the call, a replay will be available at the same website. Transcripts of conference calls with publishing equity research analysts held today will also be posted to the investor.atmeta.com website.

Disclosure Information

Meta uses the investor.atmeta.com and about.fb.com/news/ websites as well as Mark Zuckerberg’s Facebook Page (facebook.com/zuck), Instagram account (instagram.com/zuck) and Threads profile (threads.net/zuck) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

About Meta

Meta is building the future of human connection and the technology that makes it possible. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

Contacts

Investors:
Kenneth Dorell
investor@meta.com / investor.atmeta.com

Press:
Ashley Zandy
press@meta.com / about.fb.com/news/

Forward-Looking Statements

This press release contains forward-looking statements regarding our future business plans and expectations. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: the impact of macroeconomic conditions on our business and financial results, including as a result of geopolitical events; our ability to retain or increase users and engagement levels; our reliance on advertising revenue; our dependency on data signals and mobile operating systems, networks, and standards that we do not control; changes to the content or application of third-party policies that impact our advertising practices; risks associated with new products and changes to existing products as well as other new business initiatives, including our artificial intelligence initiatives and metaverse efforts; our emphasis on community growth and engagement and the user experience over short-term financial results; maintaining and enhancing our brand and reputation; our ongoing privacy, safety, security, and content and advertising review and enforcement efforts; competition; risks associated with government actions that could restrict access to our products or impair our ability to sell advertising in certain countries; litigation and government inquiries; privacy, legislative, and regulatory concerns or developments; risks associated with acquisitions; security breaches; our ability to manage our scale and geographically-dispersed operations; and market conditions or other factors affecting the payment of dividends. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q filed with the SEC on October 31, 2024, which is available on our Investor Relations website at investor.atmeta.com and on the SEC website at www.sec.gov. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2024. In addition, please note that the date of this press release is January 29, 2025, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.

For a discussion of limitations in the measurement of certain of our community metrics, see the section entitled “Limitations of Key Metrics and Other Data” in our most recent quarterly or annual report filed with the SEC.

Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (GAAP), we use the following non-GAAP financial measures: revenue excluding foreign exchange effect, advertising revenue excluding foreign exchange effect, and free cash flow. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In addition, these measures may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures.

We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business.

Our non-GAAP financial measures are adjusted for the following items:

Foreign exchange effect on revenue. We translated revenue for the three months and full year ended December 31, 2024 using the prior year’s monthly exchange rates for our settlement or billing currencies other than the U.S. dollar, which we believe is a useful metric that facilitates comparison to our historical performance.

Purchases of property and equipment; Principal payments on finance leases. We subtract both purchases of property and equipment, and principal payments on finance leases in our calculation of free cash flow because we believe that these two items collectively represent the amount of property and equipment we need to procure to support our business, regardless of whether we procure such property or equipment with a finance lease. We believe that this methodology can provide useful supplemental information to help investors better understand underlying trends in our business. Free cash flow is not intended to represent our residual cash flow available for discretionary expenditures.

For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the “Reconciliation of GAAP to Non-GAAP Results” table in this press release.

META PLATFORMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share amounts)

(Unaudited)

Three Months Ended December 31,

Twelve Months Ended December 31,

2024

2023

2024

2023

Revenue

$ 48,385

$ 40,111

$ 164,501

$ 134,902

Costs and expenses:

Cost of revenue

8,839

7,695

30,161

25,959

Research and development

12,180

10,517

43,873

38,483

Marketing and sales

3,240

3,226

11,347

12,301

General and administrative (1)

761

2,289

9,740

11,408

Total costs and expenses

25,020

23,727

95,121

88,151

Income from operations

23,365

16,384

69,380

46,751

Interest and other income, net

188

424

1,283

677

Income before provision for income taxes

23,553

16,808

70,663

47,428

Provision for income taxes

2,715

2,791

8,303

8,330

Net income

$ 20,838

$ 14,017

$ 62,360

$ 39,098

Earnings per share:

Basic

$ 8.24

$ 5.46

$ 24.61

$ 15.19

Diluted

$ 8.02

$ 5.33

$ 23.86

$ 14.87

Weighted-average shares used to compute earnings per share:

Basic

2,529

2,566

2,534

2,574

Diluted

2,599

2,630

2,614

2,629

____________________________________

(1) The fourth quarter 2024 general and administrative expenses include a favorable impact of $1.55 billion due to a decrease in the accrued losses for certain legal

proceedings.

META PLATFORMS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

December 31, 2024

December 31, 2023

Assets

Current assets:

Cash and cash equivalents

$ 43,889

$ 41,862

Marketable securities

33,926

23,541

Accounts receivable, net

16,994

16,169

Prepaid expenses and other current assets

5,236

3,793

Total current assets

100,045

85,365

Non-marketable equity securities

6,070

6,141

Property and equipment, net

121,346

96,587

Operating lease right-of-use assets

14,922

13,294

Goodwill

20,654

Other assets

13,017

7,582

Total assets

$ 276,054

$ 229,623

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable

$ 7,687

$ 4,849

Operating lease liabilities, current

1,942

1,623

Accrued expenses and other current liabilities

23,967

25,488

Total current liabilities

33,596

31,960

Operating lease liabilities, non-current

18,292

17,226

Long-term debt

28,826

18,385

Long-term income taxes

9,987

7,514

Other liabilities

2,716

1,370

Total liabilities

93,417

76,455

Commitments and contingencies

Stockholders’ equity:

Common stock and additional paid-in capital

83,228

73,253

Accumulated other comprehensive loss

(3,097)

(2,155)

Retained earnings

102,506

82,070

Total stockholders’ equity

182,637

153,168

Total liabilities and stockholders’ equity

$ 276,054

$ 229,623

META PLATFORMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Cash flows from operating activities

Net income

$ 20,838

$ 14,017

$ 62,360

$ 39,098

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

4,460

3,172

15,498

11,178

Share-based compensation

4,262

3,424

16,690

14,027

Deferred income taxes

(1,332)

(1,161)

(4,738)

131

Impairment charges for facilities consolidation

1,091

383

2,432

Data center assets abandonment

—

(224)

Other

169

124

635

Changes in assets and liabilities:

Accounts receivable

(2,978)

(2,843)

(1,485)

(2,399)

Prepaid expenses and other current assets

(530)

700

(698)

559

Other assets

(200)

(111)

(270)

(80)

Accounts payable

568

595

373

Accrued expenses and other current liabilities

1,523

(274)

323

5,081

Other liabilities

1,114

663

2,805

624

Net cash provided by operating activities

27,988

19,404

91,328

71,113

Cash flows from investing activities

Purchases of property and equipment

(14,425)

(7,592)

(37,256)

(27,045)

Purchases of marketable securities

(10,898)

(1,171)

(25,542)

(2,982)

Sales and maturities of marketable securities

3,817

2,359

15,789

6,184

Acquisitions of businesses and intangible assets

(9)

(64)

(270)

(629)

Other investing activities

(4)

129

(23)

Net cash used in investing activities

(21,498)

(6,472)

(47,150)

(24,495)

Cash flows from financing activities

Taxes paid related to net share settlement of equity awards

(3,857)

(2,223)

(13,770)

(7,012)

Repurchases of Class A common stock

—

(5,942)

(30,125)

(19,774)

Payments for dividends and dividend equivalents

(1,269)

—

(5,072)

—

Proceeds from issuance of long-term debt, net

—

10,432

8,455

Principal payments on finance leases

(411)

(307)

(1,969)

(1,058)

Other financing activities

(277)

(111)

Net cash used in financing activities

(5,465)

(8,401)

(40,781)

(19,500)

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

(714)

396

(786)

113

Net increase in cash, cash equivalents, and restricted cash

311

4,927

2,611

27,231

Cash, cash equivalents, and restricted cash at beginning of the period

45,127

37,900

42,827

15,596

Cash, cash equivalents, and restricted cash at end of the period

$ 45,438

$ 42,827

$ 45,438

$ 42,827

Reconciliation of cash, cash equivalents, and restricted cash to the

condensed consolidated balance sheets

Cash and cash equivalents

$ 43,889

$ 41,862

$ 43,889

$ 41,862

Restricted cash, included in prepaid expenses and other current assets

353

Restricted cash, included in other assets

1,196

866

1,196

866

Total cash, cash equivalents, and restricted cash

$ 45,438

$ 42,827

$ 45,438

$ 42,827

META PLATFORMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Supplemental cash flow data

Cash paid for income taxes, net

$ 2,227

$ 4,591

$ 10,554

$ 6,607

Cash paid for interest, net of amounts capitalized

$ 131

$ 146

$ 486

$ 448

Non-cash investing and financing activities:

Property and equipment in accounts payable and accrued expenses and

other current liabilities

$ 7,127

$ 4,105

$ 7,127

$ 4,105

Acquisition of businesses and intangible assets in accrued expenses and

other current liabilities and other liabilities

$ 172

$ 119

$ 172

$ 119

Repurchases of Class A common stock in accrued expenses and other

current liabilities

$ —

$ 474

$ —

$ 474

Segment Results

We report our financial results for our two reportable segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes our virtual, augmented, and mixed reality related consumer hardware, software, and content.

The following table presents our segment information of revenue and income (loss) from operations:

Segment Information

(In millions)

(Unaudited)

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

Revenue:

Advertising

$ 46,783

$ 38,706

$ 160,633

$ 131,948

Other revenue

519

334

1,722

1,058

Family of Apps

47,302

39,040

162,355

133,006

Reality Labs

1,083

1,071

2,146

1,896

Total revenue

$ 48,385

$ 40,111

$ 164,501

$ 134,902

Income (loss) from operations:

Family of Apps

$ 28,332

$ 21,030

$ 87,109

$ 62,871

Reality Labs

(4,967)

(4,646)

(17,729)

(16,120)

Total income from operations

$ 23,365

$ 16,384

$ 69,380

$ 46,751

Reconciliation of GAAP to Non-GAAP Results

(In millions, except percentages)

(Unaudited)

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2024

2023

2024

2023

GAAP revenue

$ 48,385

$ 40,111

$ 164,501

$ 134,902

Foreign exchange effect on 2024 revenue using 2023 rates

874

Revenue excluding foreign exchange effect

$ 48,450

$ 165,375

GAAP revenue year-over-year change %

21 %

22 %

Revenue excluding foreign exchange effect year-over-year change %

21 %

23 %

GAAP advertising revenue

$ 46,783

$ 38,706

$ 160,633

$ 131,948

Foreign exchange effect on 2024 advertising revenue using 2023 rates

880

Advertising revenue excluding foreign exchange effect

$ 46,864

$ 161,513

GAAP advertising revenue year-over-year change %

21 %

22 %

Advertising revenue excluding foreign exchange effect year-over-year change %

21 %

22 %

Net cash provided by operating activities

$ 27,988

$ 19,404

$ 91,328

$ 71,113

Purchases of property and equipment

(14,425)

(7,592)

(37,256)

(27,045)

Principal payments on finance leases

(411)

(307)

(1,969)

(1,058)

Free cash flow

$ 13,152

$ 11,505

$ 52,103

$ 43,010

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SOURCE Meta

Technology

Laifen Expands U.S. Retail Footprint with Costco Launch of Best-Selling SE Hair Dryer

Published

12 minutes ago

July 18, 2026

Starting July 18, Costco Members Can Shop Laifen’s Award-Winning Hair Dryer in Select Warehouse Locations Across the U.S.

NEW YORK, July 18, 2026 /PRNewswire/ — Laifen, ranked the world’s No.1 high-speed hair dryer brand, today announced the launch of its best-selling SE High-Speed Hair Dryer at select Costco warehouse locations, marking the brand’s largest U.S. retail expansion to date and bringing its award-winning haircare technology to Costco members across select U.S. markets.

The launch brings Laifen’s award-winning haircare technology to Costco, making it easier for consumers to experience the brand through one of the nation’s leading membership retailers. Laifen joins Costco’s growing portfolio of premium beauty and personal care brands. The initial rollout includes select Costco warehouse locations across the United States, with a strong presence across the Western U.S., including California, the Pacific Northwest and the Southwest.

Costco’s reputation for quality and its highly selective merchandising approach make this partnership especially meaningful. The Costco launch reflects Laifen’s continued expansion beyond direct-to-consumer channels as the brand accelerates its U.S. omnichannel retail strategy. “Costco represents an important milestone in our U.S. retail strategy,” said Romeo, General Manager of International Business of Laifen. “As more consumers seek salon-quality performance at an accessible price, we’re excited to make Laifen available through one of America’s most trusted retailers.”

Engineered to deliver professional-level performance in a sleek, lightweight design, the Laifen SE is powered by the brand’s proprietary high-speed brushless motor, delivering fast drying, reduced heat damage and smoother styling. An intelligent temperature control system continuously monitors airflow to help minimize frizz while protecting hair from excessive heat.

The Costco launch represents the next phase of Laifen’s U.S. retail expansion as the brand continues to grow beyond its direct-to-consumer and online channels. By expanding into one of the nation’s most trusted retailers, Laifen aims to broaden access to its category-disrupting haircare solutions while advancing its mission to bring more thoughtful design and everyday excellence into more homes.

The Laifen SE High-Speed Hair Dryer in White will be available at select Costco locations, while Costco.com shoppers will have access to additional color options including Purple and Pink, alongside the White model.

For more information on Laifen, please visit LaifenTech.com.

About Laifen:

Founded in 2019, Laifen is a global personal care technology brand combining high-performance engineering with modern design across hair care, oral care, and grooming categories. Ranked the world’s No. 1 high-speed hair dryer brand by Euromonitor International, Laifen first gained recognition for its self-developed 110,000 RPM high-speed brushless motor, the proprietary technology behind its award-winning hair dryers.

Building on this innovation, Laifen has expanded its portfolio to include electric toothbrushes and shavers, delivering premium technology and elevated everyday experiences to consumers worldwide. Today, Laifen products and accessories are used by over 22 million households across more than 60 countries, supported by more than 600 patents and recognized with over 50 international design and innovation awards. Driven by continuous technological breakthroughs, Laifen is committed to making cutting-edge personal care technology more accessible to consumers around the world.

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SOURCE Laifen

Technology

Pillsbury Notice of Data Breach

Published

3 hours ago

July 18, 2026

NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html.

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

Technology

From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

Published

4 hours ago

July 18, 2026

SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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SOURCE Fibocom Wireless Inc.