Meta Reports Q1 2023, Revenue up 3pct to $28,645 bln

[engine]

Meta has just reported its Q1 2023 revenues and income.

Revenue was up 3% to $28,645 billion, Y-on-Y, with net income down 24% to $5,709 billion, Y-on-Y.

Some stats from the release:

Family daily active people (DAP) – DAP was 3.02 billion on average for March 2023, an increase of 5% year-over-year.

Family monthly active people (MAP) – MAP was 3.81 billion as of March 31, 2023, an increase of 5% year-over-year.

Facebook daily active users (DAUs) – DAUs were 2.04 billion on average for March 2023, an increase of 4% year-over-year.

Facebook monthly active users (MAUs) – MAUs were 2.99 billion as of March 31, 2023, an increase of 2% year-over-year.

Ad impressions and price per ad – In the first quarter of 2023, ad impressions delivered across our Family of Apps increased by 26% year-over-year and the average price per ad decreased by 17% year-over-year.

[investor.fb.com...]

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