Facebook sees 33% lift in ad revenue and pledges huge investment in ‘metaverse’ vision
Facebook’s advertising revenue climbed 33% in the three months to the end of September in a sign that the social behemoth’s influence shows no sign of slowing.
Ad revenue hit US$28.3 billion in the quarter, with profits rising 17% to US$9.2 billion. Overall revenue leapt 35% compared to the same period last year.
