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Facebook-owner Meta’s India ad sales up 24% to $2.7 bn | The Arc

The Arc Web

The Arc Web · 10m ago

Facebook-owner Meta’s India ad sales up 24% to $2.7 bn | The Arc

In FY24, Facebook India Online Services, a subsidiary of Meta, saw a 25% increase in gross advertising revenue, reaching Rs 22,730 crore ($2.7 billion). The operating revenue rose to Rs 3,035 crore ($361 million), with a 37% growth in profit before tax at Rs 714 crore ($85 million) and a 43% rise in profit after tax at Rs 505 crore ($60 million). Employee benefit expenses grew by 8% to Rs 476.2 crore, and cash reserves increased by 36% to Rs 2,265 crore. After terminating a reseller agreement in July 2022, Facebook India now operates under an "operating license agreement" with Meta USA, allowing it to commercialize Meta’s IP in India. Revenue is generated from both impression- and action-based ads, and Facebook India compensates Meta USA with royalties for IP use and infrastructure maintenance fees.

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Amazon India cuts loss by 28%, advertising biz grows 24% | The Arc

The Arc Web

The Arc Web · 10m ago

Amazon India cuts loss by 28%, advertising biz grows 24% | The Arc

Amazon India has reported a 28% reduction in losses, marking a significant improvement in its financial performance. This progress is largely attributed to growth in its advertising business, which expanded by 24%, reflecting a strong increase in ad sales and revenue generation. Amazon India’s focused efforts on efficiency and revenue diversification are showing positive results, positioning it to better compete in India's rapidly evolving e-commerce landscape

Meta’s News Block Causes Chaos as Canada Burns

Wired · 2y ago

Meta’s News Block Causes Chaos as Canada Burns

Meta, the parent company of Facebook, blocked news content in Canada in response to new legislation that requires payment to news businesses for content on their platforms. This led to the deletion of a news director's Facebook page followed by 28,000 people. Canada has lost 474 local news outlets since 2008, while Facebook and Google dominate 80% of digital ad revenue in the country. The Online News Act (Bill C-18) was passed to make companies like Meta pay for news content, but Meta warned it might block news availability in response. The situation underscores the challenge of regulating tech giants.

Meta India’s gross ad revenue swells 13% to Rs 18,300 crore in FY23

Economic Times

Economic Times · 1y ago

Meta India’s gross ad revenue swells 13% to Rs 18,300 crore in FY23

Facebook India Online Services, the India arm of Meta, has seen a 13% growth in gross ad revenue to Rs 18,308 crore in the fiscal year ending March 31, 2023. Despite headwinds faced by the advertising industry, Facebook India recorded growth due to the shift in ad spending towards digital platforms. The company changed its operating model from being a reseller to a reseller and operating license model, which impacted its cost of ad inventory. Facebook India's net profit for FY23 increased by 19% to Rs 352 crore.

Meta’s AI push needs to efficiently deliver a lot more ad growth

Livemint

Livemint · 1y ago

Meta’s AI push needs to efficiently deliver a lot more ad growth

Meta Platforms, the parent company of Facebook and Instagram, is set to report its first-quarter earnings amid high expectations. The company's share price has surged 36% year-to-date and its market cap has surpassed $1.2 trillion. Factors contributing to this growth include a rebound in the advertising business, cost reduction efforts, and the release of its AI language model Llama 3. Analysts predict Meta's Q1 revenue to increase 26% YoY to $36.2 billion, with full-year advertising revenue expected to rise by 17%. However, geopolitical tensions and market shifts could impact ad spending from China and Apple's iOS changes may affect ad growth.

Apple’s India Sales Touch Nearly $8 Bn Mark As iPhones Demand Soar

Inc42 · 1y ago

Apple’s India Sales Touch Nearly $8 Bn Mark As iPhones Demand Soar

Apple Inc's sales in India have reached a new record high of approximately $8 billion. The company's revenue in India increased by about 33% over the last year, surpassing the $6 billion mark. This growth can be attributed to Apple's expanding presence in the Indian market. The company's two company-owned outlets in India reported revenue of INR 190-210 crore in the fiscal year 2023-24.

Myntra clocked $3.9-bn in gross sales in 2023 | The Arc

The Arc Web

The Arc Web · 1y ago

Myntra clocked $3.9-bn in gross sales in 2023 | The Arc

Myntra, the fashion platform owned by Flipkart, has achieved gross sales of approximately $3.9 billion in 2023, surpassing its major competitor Ajio, owned by Reliance, which achieved over $2 billion in gross sales. Myntra plans to focus on non-apparel segments, such as beauty and international brands, but faces growing competition from Nykaa Fashion. Competition in the online fashion market is intensifying, as players like Reliance and Tata aim to gain market share. Myntra has made strategic changes, including partnering with direct-to-consumer and luxury brands, resulting in increased market share and profitability.

Meta's 'consent or pay' data grab in EU faces fresh charges of privacy coercion

TechCrunch · 1y ago

Meta's 'consent or pay' data grab in EU faces fresh charges of privacy coercion

Consumer rights groups in the European Union have filed complaints against Meta, owner of Facebook and Instagram, over the company's controversial "consent or pay" model. Meta charges regional users €9.99/month for an ad-free option, but the only other choice for EU users is to agree to be tracked. Consumer groups argue that Meta's model does not meet the requirements for valid consent under the bloc's General Data Protection Regulation (GDPR), and the groups accuse the company of violating GDPR principles. This latest action adds to the mounting scrutiny faced by Meta over its privacy practices and ad-targeting methods.

Meta’s AI translation tool can dub your Instagram videos

The Verge

The Verge · 29d ago

Meta’s AI translation tool can dub your Instagram videos

Meta has launched an AI translation tool on Facebook and Instagram, allowing users to automatically dub Reels into another language while syncing lip movements. Initially, the feature supports translation between English and Spanish. Users can activate this tool before publishing a Reel, which will then be accessible to viewers in their preferred language, indicated by a tag. The feature is currently available to Facebook creators with over 1,000 followers and all public Instagram accounts.

Suzuki Motorcycle India sales down 2.7% at 1,13,600 units in July

Economic Times

Economic Times · 1m ago

Suzuki Motorcycle India sales down 2.7% at 1,13,600 units in July

Suzuki Motorcycle India reported a 2.7% decline in total sales, recording 1,13,600 units in July 2025 compared to 1,16,714 units in July 2024. Domestic sales decreased to 96,029 units from 1,00,602 units in the previous year. However, exports increased to 17,571 units compared to 16,112 units in the same period last year. This decline highlights challenges in the domestic market, although there is growth in international sales for the company.

Netflix India FY23 revenue jumps 24%; profit soars 75%

Economic Times

Economic Times · 1y ago

Netflix India FY23 revenue jumps 24%; profit soars 75%

Netflix India reported a 24% increase in revenue in FY23 to Rs 2,214 crore, with net profit soaring 75% to Rs 35 crore. These results do not include the company's content investments, which are reported separately. The increase in revenue was driven by cheaper subscription plans and a larger selection of titles. However, Netflix India has not been able to scale up its business in India due to pricing and lack of local content compared to its competitors. The company is yet to introduce an ad-supported plan in India.

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