Meta lowered its expected 2022 total expenses to between $87bn and $92bn, down from its prior outlook of $90bn to $95bn. Recent earnings reports from Google parent Alphabet Inc and Snap Inc have signalled the impact of the global economic turmoil on digital advertisement spending. Meta forecast second-quarter revenue between $28bn and $30bn, citing factors including the war in Ukraine. Net income fell 21 percent to $7.47bn in the first quarter, but beat analysts’ estimates of $7.15bn, according to IBES data from Refinitiv. Total revenue, the bulk of which comes from advertisement sales, rose 7 percent to $27.91bn in the first quarter, but missed analysts’ estimates of $28.20bn, according to IBES data from Refinitiv. Analysts on average were expecting current-quarter revenue of $30.63bn. In its latest results, Meta forecast second-quarter revenue between $28bn and $30bn. Facebook statistics 2.38 billion monthly active users 96 of active user accounts accessed the social network via a mobile device 40 of consumers said that. Meta has lost about half of its value since the start of the year, after a dismal February earnings when it reported a decline in Facebook’s daily active users for the first time and forecast a gloomy quarter, blaming factors including Apple’s privacy changes and increased competition from platforms like ByteDance’s TikTok. This is the first time it has ever reported a decline in user numbers. Monthly active users came in at 2.94 billion, missing Wall Street estimates by 30 million. Facebook lost roughly 1 million daily active users between Q3 and Q4 of 2021, according to its earnings report. According to Facebook’s parent company Meta Networks, Facebook reportedly lost around 500,000 daily users in the last three months of 2021 going by the quarterly earnings report. Profit soundly beat Wall Street targets at $2.72 per share, compared with an analyst consensus of $2.56, according to IBES data from Refinitiv.ĭaily active users, a key metric for advertisers that indicates activity on Facebook, were 1.96 billion, slightly higher than the estimate of 1.95 billion, according to IBES data from Refinitiv. 800 million monthly active users are on the Marketplace ( TechCrunch) How often do brands post a day on Facebook Brands post an average of 2. Facebook has seen a drop in its daily active users (DAUs) for the very first time since it was established in the US in 2004. Shares of the social media giant rose 15 percent in extended trading. Facebook Stats 4.5 billion likes are generated daily as of May 2013 728 million people log onto Facebook daily There are 874 million mobile active users. Meta Platforms Inc shares climbed on Wednesday as Facebook’s quarterly daily active users were above Wall Street estimates, even as Meta recorded its slowest revenue growth in a decade.
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