Meta's AI-Powered Ad Tool Doubles Revenue, Hits $35.6B in Q1

April 27, 2024 at 2:44:00 PM

Meta's AI-Powered Ad Tool Doubles Revenue, Hits $35.6B in Q1

Summary

Meta's revenue jumped by 27% in the first quarter of 2024, reaching $36.5 billion, largely due to its AI-powered Advantage+ Shopping Campaigns, which doubled their revenue from last year. Despite these strong earnings, Meta's stock price dropped by 15% because of heavy spending on AI. Meta lost $200 billion in value after Mark Zuckerberg explained that this investment will take time to pay off. What do you think—how will these investments shape Meta's future?

Have more questions on this topic? Ask our AI assistant for in-depth insights.

The Only Digital Marketing Feed You'll Ever Need.

Stay informed your way. Tailored updates when and how you want them. 100% Free.

10,000+ Users

500+ Sources

1000+ Tools

Or

Related Posts

Tired of spending too much time creating audits for your clients?

Tired of spending too much time creating audits for your clients?

Featured
WhatsApp Business Users Get New API Solutions from Facebook

WhatsApp Business Users Get New API Solutions from Facebook

Facebook Meta +1 more
Meta for Developers
Meta for Developers

Official Source

Official Source

Meta for Developers is a Official Source. The source has been verified by Swipe Insight team.

Official Source
Meta's Llama Model Achieves One Billion Downloads

Meta's Llama Model Achieves One Billion Downloads

Meta
Meta

Official Source

Official Source

Meta is a Official Source. The source has been verified by Swipe Insight team.

Official Source
Meta Launches Community Notes Testing on Facebook, Instagram and Threads in US Trending ️‍🔥

Meta Launches Community Notes Testing on Facebook, Instagram and Threads in US

Meta
Meta

Official Source

Official Source

Meta is a Official Source. The source has been verified by Swipe Insight team.

Official Source
Meta Faces Trial Over Alleged Use of Pirated Works in AI Training Dataset

Meta Faces Trial Over Alleged Use of Pirated Works in AI Training Dataset

Meta for Education Offering Now Available to the General Public

Meta for Education Offering Now Available to the General Public

Meta
Meta

Official Source

Official Source

Meta is a Official Source. The source has been verified by Swipe Insight team.

Official Source
Meta AI Launches in the Middle East with Arabic Support for Millions of Users

Meta AI Launches in the Middle East with Arabic Support for Millions of Users

Meta
Meta

Official Source

Official Source

Meta is a Official Source. The source has been verified by Swipe Insight team.

Official Source
Perplexity launches freemium Deep Research product for expert-level analysis

Perplexity launches freemium Deep Research product for expert-level analysis

Perplexity
Perplexity

Official Source

Official Source

Perplexity is a Official Source. The source has been verified by Swipe Insight team.

Official Source

Related Tools

Markifact logo

Markifact

Verified Tool

Verified Tool

Markifact is a Verified Tool. Want to get this badge? Contact us.

Verified Tool

Marketing Workflows Powered by AI

Featured
Marketing Auditor logo

Marketing Auditor

Verified Tool

Verified Tool

Marketing Auditor is a Verified Tool. Want to get this badge? Contact us.

Verified Tool

Automated audits for Google Ads and Analytics.

Get Featured Here

Showcase your tool in this list.

Contact Us
Thunderbit logo

Thunderbit

No-code AI apps and automations for business users

Workflow Automation
Dash Hudson logo

Dash Hudson

Manage social media with insights and workflow tools

Organic Social
Formula Bot logo

Formula Bot

AI-powered data analysis and visualization tool

Data Analysis