Meta Platforms User Trends

[Aron]

Meta Platforms Analysts Opinions

I=6 Outperform, $800: Citizens noted that Instagram engagement momentum continues. It pointed out that global time spent grew 13% y/y in June, marking the thirteenth consecutive month of double-digit growth. U.S. time spent rose 9% y/y, ending a 14-month streak of double-digit growth. Global time spent is facing tougher comps due to strong performance from June last year. Instagram’s global and U.S. monthly active users are grew 3% y/y and -1% y/y, suggesting Instagram continues to see usage g…