META INDIA GROSS AD REVENUE

UNION BUDGET EXPECTATIONS: India may reduce its current year's gross market borrowings in the final budget next week due to a higher-than-expected central bank surplus transfer and strong revenue collections. Axis Bank's treasury head, Neeraj Gambhi...

The domestic business is expected to record mid-single-digit volume growth and its consolidated revenue is expected to register mid-to-high single-digit growth during Q1 FY25, said Dabur, which owns brands such as Dabur Chyawanprash, Dabur Honey, Da...

Reliance Jio Infocomm is raising tariffs and monetising its 5G business, potentially leading to an IPO next year, with clarity expected at Reliance Industries' AGM. Valued at $133 billion, it could be India's largest IPO. Improved ARPU aims to attra...

'Kalki 2898 AD', directed by Nag Ashwin and starring Prabhas, Deepika Padukone, Amitabh Bachchan, and Kamal Haasan, has broken box office records previously held by 'RRR' and 'Salaar.' The film set a new benchmark by grossing $3.5 million from its N...

Prosus, the largest shareholder in Swiggy, reported a 24% revenue growth for the year ended March 31, 2024, with Swiggy's gross order value increasing by 26% year on year.

British coffee chain Costa Coffee reported a 49 per cent growth in revenue from operations to Rs 151.8 crore in India, Devyani International Ltd said in the annual report. Its gross profit stood at Rs 116.6 crore, up 45 per cent from the year-ago pe...

Walmart's Flipkart marketplace and PhonePe digital payments platform could have IPOs in the next couple of years, as stated by Walmart's executive, Dan Bartlett.

Meta launches first AI-driven ad targeting program on WhatsApp to boost revenue. CEO Mark Zuckerberg unveils tools for businesses at a Brazil conference, shifting WhatsApp's stance on targeted advertising and enhancing customer engagement.

Indian PM Modi's narrower election victory limits aggressive fiscal reforms, per Moody's analyst Christian de Guzman. BJP secured 240 seats, with NDA totaling 293. Despite this, fiscal consolidation will persist, but populist spending risks increase...

In absolute terms, the FY24 fiscal deficit stood at ?16.54 lakh crore, down from the revised estimate of ?17.35 lakh crore and FY23 level of ?17.38 lakh crore, showed the official data released on Friday. A lower-than-anticipated deficit in FY24 and...

Top broadcasters like Star India, Sony Pictures Networks India, Zee Entertainment, and Sun TV Network saw ad revenue remaining flat or shrunk in FY24 due to the exit of new-age advertising and the shift of ad dollars to digital due to free cricket s...

Sandhya Devanathan, Head and VP, Meta in India, said the company sees business messaging as a key growth driver of its business in India. “We see it in terms of consumer behavior on our platforms, in terms of people using messaging to communicate wi...

IT sector consultants said that the conversation for FY25 is still heavily focused on more dilution of the bench, increasing automation, improving efficiency and targeted hiring mostly in niche areas such as AI and GenAI amid continued macroeconomic...

During the third quarter, Blinkit said its growth was faster than the year-on-year increase in its gross order value (GOV). Blinkit’s GOV for the quarter ended December 31 doubled to Rs 3,542 crore.

Google India's FY23 operating revenue decreased by 0.11% to Rs 9,275 crore from Rs 9,286 crore in FY22. The company has demerged its IT services business to an independent entity, Google IT Services India.

Google and Meta, the top two platforms, reported combined ad revenues of Rs 46,348 crore in FY23, marking a 13% rise from Rs 41,115 crore in FY22. The figure topped ad revenues of the entire Indian TV broadcasting industry.

In FY23, Amazon Seller Services, the marketplace arm of Amazon, recorded 29% growth in ad revenue at Rs 5,380 crore, according to the RoC filings sourced from business intelligence platform Tofler. For Flipkart Internet, the marketplace arm of Flipk...

India is the biggest market for WhatsApp, with over 500 million users. In February 2023, Zuckerberg had said that click-to-message ads had reached a $10 billion revenue run-rate globally.

Meta's India arm earns ad revenue by selling ad inventory on Facebook, Instagram, and Messenger. Along with Google, Meta has been one of the biggest beneficiaries of the shift in ad spending from traditional platforms to digital.