May 30, 2022

Facebook’s User Base Continues to Grow While Metaverse Bets Gain Traction

In the first quarter, Facebook's ad revenue increased by 6% year over year to $27 billion. The number of daily active users on the core Facebook app increased by 4%, or 82 million, to 1.96 billion. This is a significant improvement over the previous quarter, when DAUs fell for the first time.