The last quarter of last year has undoubtedly been quite challenging for both Facebook and its umbrella company Meta. In fact, the company appeared before investors with such a bad earnings and growth report for the first time after a long time. But with 2022, things seem to be starting to work out. Because Facebook achieved record growth results for 9 years.
Worrying data statement from Facebook
Social media platform Facebook made a statement about data usage! But he may not know where he is using the data himself…
Mark’s face smiled: Facebook is on the agenda with record growth!
When Meta announced the last quarter of 2021 data last February, it was understood that the company was going through a period of stumbling. Because stock values fell by 26 percent. However, with 2022, this situation was reversed and Facebook achieved record growth and broke its record between 2014-2022.
Of course, in addition to this gain, Facebook has also managed to exceed expectations for average revenue per user. However, it should be noted that it is still below expectations in almost all other important issues, including monthly active users.
Analysts had predicted that Facebook’s revenues would increase by 7.8 percent in the last quarter. However, the company announced a 7 percent increase in revenue, slightly below this expectation. Although it has announced a single-digit growth rate for the first time in the last 10 years, there are quite large amounts when looking at the total.
In the second quarter of the year, Facebook forecasts revenue close to the $30.6 billion estimate of analysts surveyed by Refinitiv. In fact, we can say that they are certain that they will make a profit of between 28 and 30 billion dollars.
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