Meta reports Q4 revenue up 25% YoY to $40.1B, net income up 201% YoY to $14B, and family daily active people up 8% YoY to 3.19B for December 2023
Meta Platforms (META Quick Quote META - Free Report) … Salvador Rodriguez / Wall Street Journal : Facebook Parent Meta Initiates Dividend as Growth Continues Jonathan Vanian / CNBC : Mark Zuckerberg s...
Sources: X generated just over $600M in ad revenue in each of 2023's first three quarters, down from $1B+ per quarter in 2022 and on track for ~$2.5B in 2023
Kurt Wagner / Bloomberg :
Facebook Q3: $21.47B revenue, up 22% YoY, net income $7.85B, up 29% YoY, as DAUs rise 12% YoY to 1.82B, MAUs rise 12% YoY to 2.74B
immediately. https://twitter.com/... Sal Rodriguez / @sal19 : The StopHateForProfit ad boycott did not seem to impact Facebook's advertising revenue, which was up 22% compared to a year ago https://ww...
WhatsApp says it now has 2B users worldwide, up from the 1.5B it announced two years ago
Connecting the World Privately Isobel Asher Hamilton / Business Insider : WhatsApp seized on US allegations against Huawei to defend encryption against the government's demands for backdoors Nikhil Pa...
Snap reports Q2 revenue of $388M, up 48% YoY, vs. $359.7M est., DAUs of 203M, up 8% YoY, and that its net loss shrunk from $353M to $255M YoY; stock jumps 13%+
Snap Inc. has been slowly righting its ship recently … Chance Miller / 9to5Mac : Snap reports strong Q2 earnings, beating revenue and daily active user expectations Tweets: Meg Graham / @megancgraham ...
Facebook raises pay for content moderation contractors to $22/hr in SF, NYC, DC; $20/hr in Seattle; and $18/hr in other metros; says minimum wage is not enough
Kurt Wagner / Bloomberg :
Twitter reports Q4 revenue of $909M, up 24% YoY, ad revenue of $791M, up 23% YoY, net income of $244M, and MAUs of 321M, down by 9M YoY; stock closes down 9%+
and it's a lot smaller than Snapchat's Lauren Feiner / CNBC : Twitter crashes 10% after it says expenses will rise sharply Twitter : Q4 and Fiscal Year 2018 Letter to Shareholders Andrew Hutchinson / ...
Match Group says Tinder will make $800M+ in revenue this year, more than double what it made last year and almost half of Match's total projected annual revenue
Kurt Wagner / Recode :
Snap reports Q1 net loss of $386M, as average revenue per user rose 34% YoY to $1.21 but was down 21% QoQ
and it plans to buy back $100 billion in stock Zac Hall / 9to5Mac : Apple announces Q2 2018 revenue of $61.1b: 52.2m iPhones, 9.1m iPads, 4.07m Macs Tweets: Sarah Frier / @sarahfrier : Evan says he ca...
Overview of Twitter's video ad business, which brought in $287M+ in Q1 and over half of the company's total revenue since Q4 2017
Kurt Wagner / Recode :