But Facebook owner Meta is struggling with its slowest revenue growth since at least 2012.
Facebook stopped losing users as 2022 got under way, even as its owner reported its slowest revenue growth in a decade.
But Meta - which also owns Instagram and WhatsApp - still reported its slowest revenue growth in at least a decade.Revenues in the first three months of the year were up just 7% compared to 2021, hitting $27.9bn. Google-owner Alphabet earlier this week said advertising revenue in the first three months of the year rose 22%, more slowly than analysts had expected, while the smaller Snap also warned of troubles.
The company said it expected revenue in the coming months of $28bn to $30bn - below analyst estimates. Overall, Meta's profits in the quarter were $7.46bn - more than analysts had expected but still down 20% year-on-year.
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