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Yesterday, Meta reported financial results for the quarter ended June 30, 2023. Revenue was $32.0 billion, an increase of 11% year-over-year. Net income was $7.7 billion, an increase of 16% YoY. Meta also provided the following numbers regarding its services.

  • Family daily active people (DAP) – DAP was 3.07 billion on average for June 2023, an increase of 7% year-over-year.
  • Family monthly active people (MAP) – MAP was 3.88 billion as of June 30, 2023, an increase of 6% year-over-year.
  • Facebook daily active users (DAUs) – DAUs were 2.06 billion on average for June 2023, an increase of 5% year-over-year.
  • Facebook monthly active users (MAUs) – MAUs were 3.03 billion as of June 30, 2023, an increase of 3% year-over-year.
  • Ad impressions and price per ad – In the second quarter of 2023, ad impressions delivered across our Family of Apps increased by 34% year-over-year and the average price per ad decreased by 16% year-over-year.

Meta also expects the upcoming third quarter 2023 total revenue to be in the range of $32-34.5 billion.

Meta also announced that it expects Reality Labs operating losses to increase year-over-year in 2023 due to its ongoing product development efforts in augmented reality/virtual reality and investments to further scale its ecosystem.