Meta Platforms, Inc. (META) has released its Q4 2022 earnings report, which highlights an increase in the number of daily active Facebook users.
As of December 31st, 2022, META reported 2.96 billion daily active Facebook users, which is a 2% growth spurt from the previous year. Mark Zuckerberg, CEO of META, credited the progress to the company’s AI technology advancements and the addition of Reels to the platform to follow in the footsteps of Instagram and TikTok’s style
Furthermore, WhatsApp, which is another platform owned by META, has also recently surpassed 2 billion daily users.
However, despite the growth in daily users, META’s revenue has declined over the past year. The company’s revenue of USD 32.2 billion (IDR 478.6 trillion) for Q4 2022 was still slightly better than expected, but still 4% lower than the previous year.
Zuckerberg also addressed the recent restructuring that resulted in the elimination of over 11,000 jobs and stated that the company’s management theme for 2023 is “The Year of Efficiency,” focusing on becoming a stronger and more agile organisation.
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