Meta surpasses $2 bn revenue mark in India

The social network posted a total profit of Rs 440 crore (after tax) in the country, growing at 116 per cent (YoY) in FY22. Profit after tax was Rs 297 crore, growing at 132 per cent.

According to Meta’s filings with the Registrar of Companies (RoC), it has registered gross ad revenue growth of 74 per cent (YoY). The growth comes at a time when WhatsApp has seen a significant growth in India, nearing 500 million users in the country.

WhatsApp for Business has also seen a meteoric rise in the country, especially for small businesses.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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