As a result of Meta’s strong performance in Q1, the company’s stock soared in after-hours trading. The shares jumped almost 12% compared to Wednesday’s close price of $209.40.

Meta’s revenue grew by 3% compared to the same period last year and came to $28.65 billion. The analysts polled by Bloomberg expected a decline and revenue of $27.67 billion. The $2.20 in earnings per share topped the estimated EPS of $2.01, while advertising revenue of $28.1 billion was also well above the expected $26.76 billion.

“We had a good quarter, and our community continues to grow,” Meta’s CEO Mark Zuckerberg said in a statement. “We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long-term vision.”

Among other numbers, Meta raised its forecast for the second quarter of 2023 to $29.5 billion-$32 billion, compared to an estimated $29.48 billion. The company also reported a $1 billion loss from the restructuring process it underwent earlier this year and expects an additional $500 million in costs from the job cuts.

The post Meta Stock Soars After Impressive Q1 Earnings Results appeared first on theprimarymarket.com.

One of the more interesting new ways creators will be able to make money is Creator Marketplace. According to Zuckerberg, this will be a “place on Instagram” that will give exposure to talent, help them get discovered, and offer an opportunity to set up partnerships with brands.

Also, more creators will now be able to monetize short videos called Reels through Reels Play Bonus. This will include the option of transferring Instagram Reels to Facebook and taking advantage of monetization opportunities there as well.

Other updates include Interoperable Subscriptions in the form of private Facebook groups for subscribers from other platforms, expansion of the Facebook Stars program, and the ability to display digital collectibles on Instagram and Facebook.

Finally, Zuckerberg revealed that planned revenue sharing on Facebook and Instagram will be held off until 2024 after previously being planned to roll out in 2023. This will apply to paid online events, Subscriptions, Badges, and Bulletin.

“We’re heading towards a future where more people can do creative work they enjoy, and I want platforms like ours to play a role in making that happen,” said Zuckerberg.

Meta’s new plans are probably aimed at competing with other platforms like TikTok and YouTube for top talent and keeping their best content creator in-house. Time will tell whether these changes will be enough to fulfill that goal.

The post Facebook and Instagram Introducing More Ways for Creators to Make Money appeared first on theprimarymarket.com.

As a result of Meta’s strong performance in Q1, the company’s stock soared in after-hours trading. The shares jumped almost 12% compared to Wednesday’s close price of $209.40.

Meta’s revenue grew by 3% compared to the same period last year and came to $28.65 billion. The analysts polled by Bloomberg expected a decline and revenue of $27.67 billion. The $2.20 in earnings per share topped the estimated EPS of $2.01, while advertising revenue of $28.1 billion was also well above the expected $26.76 billion.

“We had a good quarter, and our community continues to grow,” Meta’s CEO Mark Zuckerberg said in a statement. “We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long-term vision.”

Among other numbers, Meta raised its forecast for the second quarter of 2023 to $29.5 billion-$32 billion, compared to an estimated $29.48 billion. The company also reported a $1 billion loss from the restructuring process it underwent earlier this year and expects an additional $500 million in costs from the job cuts.

The post Meta Stock Soars After Impressive Q1 Earnings Results appeared first on theprimarymarket.com.

One of the more interesting new ways creators will be able to make money is Creator Marketplace. According to Zuckerberg, this will be a “place on Instagram” that will give exposure to talent, help them get discovered, and offer an opportunity to set up partnerships with brands.

Also, more creators will now be able to monetize short videos called Reels through Reels Play Bonus. This will include the option of transferring Instagram Reels to Facebook and taking advantage of monetization opportunities there as well.

Other updates include Interoperable Subscriptions in the form of private Facebook groups for subscribers from other platforms, expansion of the Facebook Stars program, and the ability to display digital collectibles on Instagram and Facebook.

Finally, Zuckerberg revealed that planned revenue sharing on Facebook and Instagram will be held off until 2024 after previously being planned to roll out in 2023. This will apply to paid online events, Subscriptions, Badges, and Bulletin.

“We’re heading towards a future where more people can do creative work they enjoy, and I want platforms like ours to play a role in making that happen,” said Zuckerberg.

Meta’s new plans are probably aimed at competing with other platforms like TikTok and YouTube for top talent and keeping their best content creator in-house. Time will tell whether these changes will be enough to fulfill that goal.

The post Facebook and Instagram Introducing More Ways for Creators to Make Money appeared first on theprimarymarket.com.