Source: Getty Images
Meta returned to revenue growth in Q1 following three successive quarters of decline after recording a healthy bump in users and growing its newer ad formats.
Revenue grew 3% annually to $28.6 billion in the first three months of the year, while advertising revenue lifted 4% to $28.1 billion.
Daily active users across Meta’s apps surpassed 3 billion in the quarter and monthly active users hit 3.81 billion, both representing a 5% year over year increase. Facebook daily active users increased 4% to 2.04 billion, with monthly users growing 2% to 2.99 billion.
Chief executive Mark Zuckerberg to
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Tags:META
