Facebook parent Meta returned to double-digit revenue growth for the first time since the end of 2021 and forecast better than expected growth in the current quarter, sending its shares higher in a sign that the digital advertising slump is easing.
Meta said it expected revenue in the current quarter to be in the range of $32bn-$34.5bn — well above analysts’ expectations of a rise to $31.1bn.
Revenues in the second quarter rose 11 per cent to $32bn, above analysts’ expectations of an increase to $31.03bn.
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