Meta’s ad revenue boost

Meta Platforms Inc.’s advertising revenue has picked up after nine months of negative growth that forced the social media giant to slash jobs and cut spending


Meta sales growth (year-on-year change) 
00.00 Revenue (quarterly, $ billions)
Share price


Jan 4, 2020: $209.78
Facebook adds 250 million users during global pandemic

Aug 8: $303.91
CEO Mark Zuckerberg gambles that growth will not slow down

Jun 28, 2021: $355.64
Market value hits $1 trillion

Sep 7: $382.18
Facebook Marketplace reaches 2.89 billion active users

Oct 29: $339.61
Facebook parent rebrands as Meta

Feb 2, 2022: $323.00
User growth stalls, sending shares plunging

Jun 16, 2022: $160.87
$430 billion shaved off market value

Nov 3: $88.91

Nov: Meta cuts 11,000 jobs

Apr 26, 2023: $209.40

 
17.6% 10.7% 21.6% 33.2% 47.6% 55.6% 35.1% 20.0% 6.6%  -0.9% -4.5% -4.5% 3.0%
17.74 18.69 21.47 28.07 26.17 29.08 29.01 33.67 27.91 28.82 27.71 32.17 28.64
Q1    Q2    Q3    Q4    Q1    Q2    Q3    Q4    Q1    Q2    Q2    Q4    Q1 
2020 			2021 			2022 			2023 

Sources: Bloomberg, Meta Platforms, Inc., Yahoo! Finance 
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