Revenues surge at Irish arm of Meta to €69.75bn

Revenue increase due to growth in advertising revenue across Facebook, Instagram, and Messenger

Head of Meta Ireland Anne O’Leary.  Picture: Naoise Culhane

Revenues at the Dublin-based international headquarters for the operator of Facebook and Instagram last year surged by 20%, or €11.69bn, to €69.75bn in a record performance for the business.

New accounts show that on the back of the average weekly revenues of €1.34bn for 2023, pre-tax profits at the Irish arm of social media giant Meta Platforms Ireland Ltd increased by 6%, from €1.75bn to €1.85bn.