Meta Q1 Report 2023 is out, and it shows that while Meta’s platforms are still growing, its profit margins remain in a state, despite signs of recovery in some elements.
Firstly, Facebook inched even closer to that 3 billion user milestone, reaching 2.99 billion monthly actives in Q1.
The growth is also reflected in Facebook’s daily active user stats.
Note that the percentage of MAUs that are also DAUs is higher than it’s been in some time, which shows that more users are coming back to Facebook more often, which is a strong endorsement of its AI recommendations approach.
Meta’s revenue performance remained strong, bringing in $28.6 billion for the period, up 3% year-over-year.
In the words of Meta –
“We had a good quarter and our community continues to grow. Our AI work is driving good results across our apps and business. We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.”
You can read Meta Q1 Report 2023 here.
How did you find this article, please leave your comments below. Your comments inspire us to curate better content day-by-day. Also, if you want to learn more about Digital Marketing and the services, that we offer, please do visit our website, made with a lot of love and research in the realm of Digital Marketing.
If you like our content, please follow us on Instagram.
Lights.Camera.Social is a full fledged Digital Creative Agency offering the following services –
- Social Media Marketing
- Search Engine Optimisation
- Email Marketing
- SMS Marketing
- Website design and development
- Branding
- Pay Per Click Advertising
- Digital Strategy
- Content curation & Marketing
For more details, please email us at hi@lightscamerasocial.com