- Meta reports a small increase in active users and a big increase in revenue
- Meta’s apps are used by almost 40% of the entire planet daily
- Despite high costs in VR and AI development, Meta continues to see growth in revenue
An Explosive Update on Meta’s Performance
Meta has shared its latest performance update, showing a small increase in active users across its apps, and a big increase in revenue, in relative terms. The tech giant now has 3.29 billion people using its apps every day, almost 40% of the entire planet’s population. Despite heavy investments in VR and AI development, Meta continues to drive more revenue from ads, with ad impressions increasing by 7% year-over-year. The company’s expenses are rising, but it remains optimistic about the future, particularly with the potential of AR glasses and the metaverse. Learn more about Meta’s latest numbers here.