After reporting a decline in user growth for the first time in its history, Facebook/Meta reported in its latest quarterly report that user growth grew in the first quarter of 2022.
In its 2021 Q4 report, the company reported it showed a rise in monthly active users and a growth in revenue. However, daily active users declined, losing about a million DAUs.
In the 2022 Q1 report, the DAUs was up to 1.96 billion from 1.929 billion. In the 2021 Q1 report, DAU was 1.878 billion. DAU reached 1.93 billion in Q3 2021 before the drop in the fourth quarter. It was an alarming revelation and it opened up perception as to whether the social media giant had reached its peak.
When looking at monthly active users, that data continues to grow.
In 2021 Q4, MAUs was 2.912 billion. In 2022 Q1, MAU was 2.936 billion.
While it appears users are sticking with Facebook/Meta, the company also revealed in its 2022 Q1 report that revenue declined.
In an article by zdnet.com, Facebook/Meta estimated Apple's iOS changes, including the mail privacy protection, will cost the company about $10 billion in 2022. The first report appears to validate that predication.
In Q1 2022, Facebook/Meta's revenue by user geography was $27,908 (in millions), down from $33,671 (in millions) from Q4 2021. Plus, net income in Q4 2021 was $10,285 (in millions) and dropped to $7,465 (in millions) for Q1 2022.
If you'd like to see the full earning report, you can view it by clicking here.
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