Meta Family Daily Active People 3.24B On Avg. For Mar., Up 7%, Ad Impressions Across Apps Increased 20% YoY
Portfolio Pulse from Benzinga Newsdesk
Meta reported an average of 3.24 billion daily active users in March, marking a 7% increase. Additionally, the company saw a 20% year-over-year increase in ad impressions across its apps.
April 24, 2024 | 8:07 pm
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POSITIVE IMPACT
Meta's report of 3.24 billion daily active users in March, a 7% increase, along with a 20% YoY increase in ad impressions, indicates strong user engagement and advertising growth.
The increase in daily active users and ad impressions suggests that Meta is successfully expanding its user base and enhancing its advertising platform's effectiveness. This growth in key performance indicators is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100