Facebook India Online Services profit 43% to Rs 505 cr, turnover up 9.3%

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Social media major Meta's advertisement unit, Facebook India Online Services, has posted a 43 per cent growth in profit to Rs 504.9 crore in the financial year ended on March 31, 2024, according to documents shared by Tofler.

Facebook India Online Services Private Limited is engaged in the business of selling advertising inventory to customers in India and providing IT-enabled support services and design support services to Meta Platforms Inc.

The company reported a 9.33 per cent increase in turnover to Rs 3,034.82 crore in FY24 against Rs 2,775.78 crore in FY23.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Advertising inventory Online Services Private Limited Social media Facebook Design support services Facebook India Online Services Meta Platforms Meta Platforms Inc. Online Services (NEC)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 17:20:24 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 249 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23363862

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