Fb’s dad or mum firm Meta closed the yr with its first-ever year-over-year decline in advert income attributable to a weak financial local weather and Apple’s privateness guidelines. Nevertheless, the corporate reported sturdy demand for promoting because it noticed an uptick in Fb customers.
Meta reported almost $32.2 billion in income for the quarter, down 4% from the yr prior, however barely exceeding Wall Avenue expectations. After hours, Meta inventory is up +18%.
“Fb’s progress in every day energetic customers is a constructive signal and signifies that present customers are nonetheless discovering issues to have interaction with on the platform,” Insider Intelligence principal analyst Debra Aho Williamson informed Adweek.
