Meta Expected to Report Slowest Growth Since IPO
Facebook's parent company, Meta Platforms Inc, is expected to record low revenue growth as the company struggles in its advertising business amid intensifying user competition and privacy headwinds.
Meta's share price was hit in February when it announced quarterly results. The result showed a higher-than-expected decline in profits and a dynamic daily decline in customers.
Funders are looking for signs of progress that Meta can show to limit the impact of advertising on the publishing business, following the changes presented by Apple Inc. In the previous quarter, the organization warned that these changes would cost Meta about $10 billion by 2022.
This is the slowest rate since the company opened in 2012, assuming Meta's overall revenue performance is below 10.7% compared to the same period last year.
The company is also expected to report $7.1 billion in revenue, which corrects the second consecutive quarterly decline in overall revenue. This is true if the organization has had some reduction in total quarterly compensation for the first time since the second quarter of 2019.