> Revenue was $31.999 billion, up 11% year-over-year. Excluding foreign exchange impact, revenue grew 12%.
> Advertising revenue was $31.498 billion, up 12% year-over-year. Excluding foreign exchange impact, advertising revenue grew 13%.
98.4% of their revenue is ads!
Full earnings: https://www.cnbc.com/2023/07/26/meta-to-report-second-quarte...
> Earnings: $2.98 per share vs. $2.91 expected by Refinitiv.
> Revenue: $32 billion vs. $31.12 billion expected by Refinitiv.
> Daily Active Users (DAUs): 2.06 billion vs 2.04 billion expected, according to StreetAccount.
> Monthly Active Users (MAUs): 3.03 billion vs 3 billion expected, according to StreetAccount.
> Average Revenue per User (ARPU): $10.63 vs $10.22 expected, according to StreetAccount.
[dupe]
More discussion and report over here: https://news.ycombinator.com/item?id=36884230
Glad they laid off all those employees to get ready for the lean economic times.
Time to hire people to better position for this future growth!
> Revenue was $31.999 billion, up 11% year-over-year. Excluding foreign exchange impact, revenue grew 12%.
> Advertising revenue was $31.498 billion, up 12% year-over-year. Excluding foreign exchange impact, advertising revenue grew 13%.
98.4% of their revenue is ads!
Full earnings: https://www.cnbc.com/2023/07/26/meta-to-report-second-quarte...
> Earnings: $2.98 per share vs. $2.91 expected by Refinitiv.
> Revenue: $32 billion vs. $31.12 billion expected by Refinitiv.
> Daily Active Users (DAUs): 2.06 billion vs 2.04 billion expected, according to StreetAccount.
> Monthly Active Users (MAUs): 3.03 billion vs 3 billion expected, according to StreetAccount.
> Average Revenue per User (ARPU): $10.63 vs $10.22 expected, according to StreetAccount.