US Meta 2 quarters consecutive decline in profits, sluggish advertising growth –NNA ASIA / Japan / IT / Communications

2022/04/29 (Friday)

[New York joint]Net income for the January-March period of 2022 announced on the 27th by US IT giant Meta (formerly Facebook) was $ 7,465 million (about 960 billion yen), a decrease of 21% from the same period of the previous year. It was the second consecutive quarter of decline in profits. Advertising revenue was sluggish, and the investment burden on the virtual space “Metaverse” became a burden. Earnings…