Meta India Revenue: Advertising Revenue of Meta India grew by 74 percent, know all the details

Meta India Revenue: Meta India has presented its FY 2022 earnings and revenue figures and under this the company’s advertising revenue has registered a tremendous jump. The advertising revenue of Meta India stood at Rs 16189 crore or about $2 billion in FY 2022. Thus, it has seen a 74 percent jump in its advertising revenue on a year-on-year basis. In the previous year, the company’s advertising revenue was Rs 9326 crore.

This information has come out in the company filing given to the Registrar of Companies (RoC). Facebook India Online Services (formerly Meta India) achieved advertising revenue of Rs 9,326 crore in FY21, registering a year-on-year growth of 41 per cent.

Other earnings figures of Meta India
Meta India has earned a profit of Rs 440 crore before paying tax in the financial year 2022 and has also seen a tremendous jump. On a year-on-year basis, it has an impressive growth of 116 per cent i.e. it has more than doubled. According to RoC data, its profit after paying tax i.e. Pfofit After Tax has been a total of Rs 297 crore. Meta India works on the lines of Ad Reseller Moder in India and Advertising Revenue is its main source of earning in India.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *