Meta’s ad revenue is up 4.3% in Q1

Meta shows growth for advertising and its Family of Apps but a decline in revenue for its other major business segment, Reality Labs. Ad revenue increased by about 4.3% in Q1 2023. The advertising revenue for Q1 2023 was $28,101 million, an increase of 4.3% compared to the same period in 2022 ($26,998 million). Total revenue for Q1 2023 was $28,645 million, an increase of 2.6% compared to the same period in 2022 ($27,908 million). The number of monthly active users in this category also increased by 5% to 3.81 billion.