Revenues increased by 22% year over year to $39.07 billion, marking the fourth consecutive quarter of growth exceeding 20%.
Meta expects revenues to range between $38.5 billion and $41 billion in the upcoming quarter, exceeding analyst projections, reported EMarketer.
The number of users across all of its apps increased by 7%, impressions jumped by 10%, and the price per ad increased by 10%.
“Meta pulled ahead of fellow duopoly member Google, which underperformed in earnings and missed expectations on YouTube. Google’s ad sales grew just 11%,” noted EMarketer.
“Meta’s strong financial performance and optimistic outlook suggest the company is effectively navigating challenges in the tech industry,” Emarketer stated.
Ariel Ben Solomon is the Growth and Strategy manager at Ecomhunt. He is the host of the Ecomhunt Podcast. Can be followed on Twitter at @ArielBenSolomon
