Meta Facebook DAUs 2.11B, Up 6% YoY
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms, Inc. (formerly known as Facebook) reported that its Average Daily Users (ADUs) have increased to 2.11 billion, marking a 6% year-over-year growth.
February 01, 2024 | 9:07 pm
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Meta Platforms, Inc. sees a 6% YoY increase in ADUs to 2.11 billion, indicating robust user engagement and potential for increased ad revenue.
The increase in Average Daily Users is a critical metric for social media companies like Meta, as it directly correlates to the platform's health and attractiveness to advertisers. A 6% year-over-year growth in ADUs suggests that Meta is successfully retaining and growing its user base, which is likely to positively impact its advertising revenue and, consequently, its stock price in the short term.
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