Susan Li, Meta's finance chief, told analysts on the call that online commerce was the biggest contributor to year-over-year growth in ad revenue, followed by consumer packaged goods and gaming. Google parent Alphabet said in its earnings report Tuesday that ad revenue increased about 9.5%, while smaller rival Snap reported revenue growth of 5%.ĬEO Mark Zuckerberg said on the earnings call that so far this year, the company has seen a 7% increase in time spent on Facebook and a 6% bump on Instagram 'as a result of our recommendation improvements.' Meta's business is outperforming competitors. Net income rose 164% to $11.58 billion, or $4.39 a share, from $4.4 billion, or $1.64 a share, a year earlier. Sales jumped from $27.71 billion a year earlier. Meta is seeing faster growth in its core digital ads business as clients rebound from a tough 2022, when revenue dropped for three straight quarters. $11.05 expected, according to StreetAccount Average revenue per user (ARPU): $11.23 vs.Monthly active users (MAUs): 3.05 billion vs. 3.05 billion expected, according to StreetAccount.

2.07 billion expected, according to StreetAccount Daily active users (DAUs): 2.09 billion vs.Investors are also looking at user numbers: $3.63 expected by LSEG, formerly known as Refinitiv Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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