Ludvig Hedlund’s Post

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Client Partner e-Commerce Fashion UK at Facebook | Angel Investor | Advisor

Meta Q2 Earnings are out, here are our highlights: 📈 Community Metrics: We continue to see strong engagement across our apps, and estimate that more than 3.27 billion people use at least one of our apps each day. 🧵Threads: Threads is about to hit 200 million monthly actives. We're making steady progress towards building another major social app. We're seeing deeper engagement and are quite pleased with the trajectory here. 🔵 Facebook: We’re seeing good year-over-year growth across Facebook, and are particularly pleased with the progress we’re making with young adults. 📷 Instagram: Reels engagement continues to grow as we make ongoing enhancements to our recommendations systems. More than half of recommendations in the US come from original posts. ❇ WhatsApp now serves more than 100 million monthly actives in the US. 💰 Maximizing ad performance: Our Advantage+ suite of solutions continue to unlock performance gains. A study conducted this year showed that when advertisers adopted Advantage+ Shopping campaigns, they saw a 22% increase in return on ad spend. For example, we introduced Flexible Format to Advantage+ Shopping, which allows advertisers to upload multiple images and videos in a single ad that we can select from and automatically determine which format to serve, in order to yield the best performance. We have also now expanded the list of conversions businesses can optimize for using Advantage+ Shopping to now include an additional 10 conversion types, including objectives like “add to cart”. 🤖 Improving ad delivery: We’re improving ad delivery by adopting more sophisticated modeling techniques made possible by AI advancements, including our Meta Lattice ad ranking architecture, which continued to provide ad performance and efficiency gains in the second quarter. 🎨 Customizing ad creative: We’ve seen promising early results since introducing our first generative AI ad features – image expansion, background generation, and text generation — with more than one million advertisers using at least one of these solutions in the past month. In May, we began rolling out full image generation capabilities into Advantage+ creative, and we’re already seeing improved performance from advertisers using the tool. 💬 Making business messaging more efficient: We expect AI will help businesses communicate with customers more efficiently through messaging. We’re starting by testing the ability for businesses to use AI in their chats with customers to help sell their goods and services and generate leads. While we are in the early stages, we continue to expand the number of advertisers we’re testing with and have seen good advances in the quality of responses since we began using Llama 3 last quarter.

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