Strong Revenue Growth
Q1 total revenue was $42.3 billion, up 16% year-over-year, or 19% on a constant currency basis.
Increased User Engagement
Improvements in recommendation systems led to a 7% increase in time spent on Facebook, a 6% increase on Instagram, and 35% on Threads over the last six months.
Expansion of AI Tools
30% more advertisers are using AI creative tools, and a new ads recommendation model increased conversion rates by 5% for reels.
Growth in Business Messaging
WhatsApp now has more than 3 billion monthly active users, with significant business messaging opportunities ahead, especially as AI reduces labor costs.
Meta AI Standalone App
Released the first Meta AI standalone app, with personalized experiences and a social feed, showing initial positive feedback.
Ray-Ban Meta AI Glasses Sales
Sales of Ray-Ban Meta AI Glasses have tripled in the last year, with more technological capabilities to be added later this year.