Category: Internet and Businesses Online

Meta’s Ad Revenue Slowdown Fuels First-Ever Quarterly Revenue Decline

Meta (Facebook) reported its first-ever quarterly revenue decline on Wednesday, as ad revenue growth slowed. The company’s revenue for the quarter was $27.9 billion, down 1% from the same period a year ago. Net income was $6.7 billion, down 36% from the same period a year ago. Meta’s ad revenue grew 15% in the quarter,… Read more »