info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Meta’s Slow Progress in Revenue Generation in the First Quarter of 2023

By Aarti Dhapte , 09 June, 2023

In recent quarters, Meta has been struggling to generate any progress whatsoever. The reason behind the weak demand for ads is the softening economy. It has made it difficult for Meta and other social media companies to keep their gross figures from falling.

According to the sources, when Meta reported its latest earnings, surprisingly, the sales came in better than the analysts expected; the sales of USD 28.6 billion in the Meta for the initial three months of 2023, which is up 3 percent from the prior-year period.

Along with the revenue growth, the company also marked an increase in the number of active users on Facebook, which is 2 billion and rising by 4 percent year over year. It also includes all the social media platforms of Meta, like Instagram and WhatsApp. It averaged over 3 billion and an increase of 5 percent from the same period in 2022. As per the trusted sources, the Meta platforms business also generated positive revenue growth in the last quarter after multiple periods of negative progress. Meta also benefited from the advertisers by shifting their spending from TikTok and Twitter, as per the reports by The Motley Fool.

Meta Revenue  Quarterly YoY Growth

Latest News

Meta Revenue  Quarterly YoY Growth
China Emerges To Be The Leading Country In Industrial Robotics Sector

The robotics industry is growing day by day due to innovations in the technological field in 2024. The industrial market is increasing due to advancements in the artificial intelligence sector. The technological field is growing with robot production…

Read More

Meta Revenue  Quarterly YoY Growth
Hydropower Dominates The Clean Electricity Production In Top Five Countries With Cleanest Grids In 2024

The clean energy transition is progressing with a greater speed in 2024. It is creating broader impacts in the different sectors of the economy. Hence, nations worldwide are supporting green transformation in several ways. However, funds for the…

Read More

Meta Revenue  Quarterly YoY Growth
Geothermal Energy Expects Growth in the Race to Achieve Clean Energy

The clean energy attainment in the environment is actively incorporating conventional renewable energy sources into the sustainable mechanism of 2023. With the growing need for an energy transition, countries aim to replace fossil fuels with…

Read More

Meta Revenue  Quarterly YoY Growth
Body Heat As A New Sources Of Renewable Energy

Renewable energy sources will multiply in the energy sector in 2024. The innovations regarding new sources of renewables are a compelling market strategy. It is because of the enhancement of green energy transformation with different substitutes to…

Read More

Meta Revenue  Quarterly YoY Growth
Iceland World Leader In Renewable Energy Production

Renewable energy production is growing worldwide due to the clean energy transition in 2024. Renewable production is a vital point for transformation. However, the low availability of renewables is resulting in the slow progress of the clean energy…

Read More

Author Pic
Aarti Dhapte

Team Lead - Research