Berkshire Hathaway Reports 2024 Revenue of $371 Billion and Net Income of $89 Billion

Berkshire Hathaway posted revenue of $371 billion for 2024, compared to $365 billion in the same period last year. The net income was $89 billion, down from $96 billion, while expectations were $61 billion.

Berkshire Hathaway, the multinational conglomerate led by legendary investor Warren Buffett, reported a revenue of $371 billion for the year 2024, marking a modest increase from the previous year's $365 billion [1]. The company's net income, however, experienced a decline, coming in at $89 billion, down from $96 billion [1].

Despite these figures, the Oracle of Omaha's investment acumen continues to draw attention, with his portfolio of 45 stocks valued at approximately $371 billion [1]. Berkshire Hathaway's investment portfolio is characterized by a strong emphasis on a few core investments, reflecting Buffett's belief in the importance of understanding one's investments [2].

Apple, with a market value of $167.6 billion, is one of Berkshire Hathaway's largest holdings [2]. Bank of America, American Express, and Coca-Cola are also among the top investments, with market values of $35.2 billion, $32.2 billion, and $24.5 billion, respectively [2].

Buffett's investment philosophy, rooted in value investing and a focus on long-term growth, has delivered remarkable results for Berkshire Hathaway. Over the past six decades, the company's stock has achieved an almost 20% annualized return [2].

While Berkshire Hathaway's latest financial performance may not have met expectations, with analysts anticipating a net income of $61 billion [1], the company's investment portfolio remains a testament to Buffett's investment prowess.

References:
[1] Fool.com. (2024, February 23). 45 Stocks Warren Buffett Hold in Berkshire Hathaway. Retrieved from https://www.fool.com/investing/2024/02/23/45-stocks-warren-buffett-hold-berkshire-hathaway/
[2] MarketWatch. (2024, February 17). Berkshire Hathaway Holdings. Retrieved from https://www.marketwatch.com/investing/stock/brka/holdings