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✓ Published: 30-Apr-2024
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✓ Published: 30-Apr-2024
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Meta Platforms reported strong first-quarter results, with 27% revenue growth and a 114% increase in diluted EPS. Meta has 3.2 billion daily active users across its apps, including Facebook, Instagram, WhatsApp, and Messenger. This figure was up 7% year over year. Meta's average revenue per user increased 18% yearly to $11.20, indicating its success in monetizing users through advertising and other revenue streams. Meta's network effects, with its massive established user base and ability to extract more value per user, represent a significant competitive advantage.
Meta Platforms reported strong first-quarter results, with 27% revenue growth and a 114% increase in diluted EPS. Meta has 3.2 billion daily active users across its apps, including Facebook, Instagram, WhatsApp, and Messenger. This figure was up 7% year over year. Meta's average revenue per user increased 18% yearly to $11.20, indicating its success in monetizing users through advertising and other revenue streams. Meta's network effects, with its massive established user base and ability to extract more value per user, represent a significant competitive advantage.
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