Despite a slowdown in growth, Meta stock soars

Andrew Banks

April 28, 2022 9:31

Facebook parent company Meta today released its Q1 22 earnings results, and ad impressions delivered across its Family of Apps increased by 15% year-over-year and the average price per ad decreased by 8% year-over-year.

The company’s reported total revenue rose 7% to US$27.91 billion (A$39.19 billion) in the first quarter, the bulk of it coming from ad sales.

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Andrew Banks

Andrew is an editor and journalist with over 27 years' experience, working across publications including news.com.au, The Sunday Telegraph and The Australian newspaper.

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