Meta, the umbrella company of Facebook, Instagram and WhatsApp, today published its financial report for the period January – March 2022. While the shared report provides positive news, such as the increase in Facebook’s user base and revenue in the last 3 months compared to the previous year, increase in income bad news has been brought.

Meta announced that it generated total revenue of $27.9 billion in the first quarter of 2022, an increase of 6.6% compared to the same period of the previous year. With this rate of increase, the company was offered to the public. Slowest sales growth since 2012 has reported. Meta’s net profit was also not very encouraging. The company’s net profit compared to the same period of the previous year decreased by 21% and fell to $7.5 billion. Net income in the first quarter of 2021 was $9.5 billion.

Increase in the number of Facebook users

On the other hand, Meta reported that the number of daily and monthly active users of the social media platform Facebook has increased. Accordingly, the number of daily active users of Facebook, on an annual basis in the period January – March 4% to 1.96 billion reaches. If the number of active users per month 2.94 billion, up 3% it happened.

Although Meta announced its lowest growth rate since 2012 and announced a 21% drop in net profit compared to 1 year ago, Meta’s value rose after the report. Meta-shares, which were at the $175 level before the announcement, crossed the $200 mark with the announcement and began circulating at the $207 level. The value of the stock rose almost 20%.