Paid Media News by Eric Mandell

Meta Reports 26% Ad Revenue Growth as New Mexico Judge Imposes $25 Billion Penalty

Reported by Paid Media News
35
News

TLDR

Meta reported 26% ad revenue growth to $63.1 billion while facing a $25 billion fine from a New Mexico judge and a $9.89 billion teen settlement charge.

Meta grew ad revenue 26% year-over-year to $63.1 billion, while also taking a $9.89 billion charge related to a teen settlement, hours after a New Mexico judge imposed a $25 billion penalty with 15% annual interest on the company.

Topics:Paid Search & Advertising
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