Tuesday, October 18, 2022

Meta India clocks gross ad revenues of Rs 16,189 crore in FY 2021-22

According to industry insiders, Google and Facebook continue to roughly corner over 70 of the digital advertising pie in India, and this has been the case for the last few years, indicating a duopoly that has only been strengthening. Globally, Meta Platforms Inc reported revenue of $28.82 billion in Q2 2022, down from $ 29.07 bilion a year ago. It reported a profit of $ 6.69 billion, down 36% from the previous year.

from Tech-Economic Times https://ift.tt/AbnmuFP

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