2024-02-03
Meta's China ads rev / TEMU spend 2023 = 13.5B ("In 2023, revenue from China-based advertisers represented 10% of our overall revenue") 2022 = 7.7B Delta = 5.8B ("contributed 5pp to total worldwide revenue growth") Right on point my earlier estimate (tweet below), calling China... [image]
Financial Times
China-based advertisers now account for 10% of Meta's annual revenue and contributed 5 percentage points to its total worldwide revenue growth
Financial Times :
Meta's China ads rev / TEMU spend 2023 = 13.5B ("In 2023, revenue from China-based advertisers represented 10% of our overall revenue") 2022 = 7.7B Delta = 5.8B ("contributed 5pp to total worldwide revenue growth") Right on point my earlier estimate (tweet below), calling China... [image]
Bloomberg
Meta's stock rises 20%+, adding ~$200B to its market cap, the biggest single-session market value addition, eclipsing Apple's and Amazon's $190B gains in 2022
- Stock also holds record for the biggest wipeout in history — Shares surge after big earnings beat, buyback, dividend plans