Meta recently announced that Facebook’s daily average users (DAUs) have risen by 5% year-on-year to 2.09 billion in September 2023. Meta made this known in its recent earnings report for Q3 2023.
The report shows that the branches of apps owned by Meta, which include WhatsApp, Messenger, Instagram, Facebook, and Threads, have reached a total daily average user of 3.14 billion as of September 2023, and this signifies a 7% growth year on year.
It also shows that Facebook is the most used app in the Meta family; the app currently has 2.09 billion DAUs, and Facebook accounts for 66.5% of daily users. Meta said it has more than 3.9 billion people who are currently using the apps every month.
Talking about the increase in users, Meta announced that the company generated a total of $34.15 billion in revenue in Q3, which signifies an increase of 23% year-over-year. The company also said that it saw an increase in ad impressions across all its apps in the quarter under review.
In the third quarter of 2023, ad impressions delivered across our Family of Apps increased by 31% year-over-year and the average price per ad decreased by 6% year-over-year, Meta said.
Read more: https://www.investingport.com/meta-q3-report-shows-that-company-revenue-increased-by-23/
The report shows that the branches of apps owned by Meta, which include WhatsApp, Messenger, Instagram, Facebook, and Threads, have reached a total daily average user of 3.14 billion as of September 2023, and this signifies a 7% growth year on year.
It also shows that Facebook is the most used app in the Meta family; the app currently has 2.09 billion DAUs, and Facebook accounts for 66.5% of daily users. Meta said it has more than 3.9 billion people who are currently using the apps every month.
Talking about the increase in users, Meta announced that the company generated a total of $34.15 billion in revenue in Q3, which signifies an increase of 23% year-over-year. The company also said that it saw an increase in ad impressions across all its apps in the quarter under review.
In the third quarter of 2023, ad impressions delivered across our Family of Apps increased by 31% year-over-year and the average price per ad decreased by 6% year-over-year, Meta said.
Read more: https://www.investingport.com/meta-q3-report-shows-that-company-revenue-increased-by-23/