Re:Meta Reports Fourth Quarter and Full Year 2022 Results
by jcfrei on Wednesday February 01, 2023 @05:20PM
(#34618795)
On a yearly basis they are still down about 4% in revenue from advertising and apps and down 17% in the reality labs section. Their business is just shrinking less quickly than investors feared.
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Re:Meta Reports Fourth Quarter and Full Year 2022 Results
by ripvanwinkle on Wednesday February 01, 2023 @09:18PM
(#34621201)
in constant currency they would be up about 4%. the biggest trend is revenue per ad was nearly offset by growth in number of ads - the latter is likely to hit its limit sooner than the former and that seems like the biggest risk to the business