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

Meta Enhances AI Safety for Teens and Empowers Parents with New Tools

Meta Enhances AI Safety for Teens and Empowers Parents with New Tools

Meta
Meta

Official Source

Official Source

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

Official Source
Google Lens adds Create mode with Nano Banana Gemini image features

Google Lens adds Create mode with Nano Banana Gemini image features

Google
Google

Official Source

Official Source

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

Official Source
AI marketing workflows made simple

AI marketing workflows made simple

Featured
Markifact
Markifact

Verified Sponsor

Verified Sponsor

Markifact is a Verified Sponsor. Want to get featured here? Contact us.

Verified Sponsor
Google launches AI updates for Discover and mobile Search sports features

Google launches AI updates for Discover and mobile Search sports features

Google
Google

Official Source

Official Source

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

Official Source
Meta AI Adds Hindi and Portuguese for Reel Translations

Meta AI Adds Hindi and Portuguese for Reel Translations

Meta
Meta

Official Source

Official Source

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

Official Source
Google AI Mode expands to over 200 countries with new languages and features

Google AI Mode expands to over 200 countries with new languages and features

Google
Google

Official Source

Official Source

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

Official Source
Google Search launches AI Mode in Australia for complex, multimodal queries

Google Search launches AI Mode in Australia for complex, multimodal queries

Google
Google

Official Source

Official Source

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

Official Source
Meta to Offer UK Users Ad-Free Facebook and Instagram Subscription for 2.99 Pounds

Meta to Offer UK Users Ad-Free Facebook and Instagram Subscription for 2.99 Pounds

Meta
Meta

Official Source

Official Source

Meta 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