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Facebook ad chief leaving company after decade of massive growth


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Facebook ad chief Carolyn Everson said Wednesday she is leaving the company after more than a decade.
Everson, vice president of Facebook’s Global Business Group, has overseen significant ad growth for the social media giant. Ad revenue went from about $3.7 billion in 2011 to nearly $86 billion last year.
In 2019, more than 90 percent of Facebook s overall revenue came from advertising.
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“I am extremely proud of what we set out to accomplish but way more proud of my team and the support we showed each other, especially in difficult times. I always said no one will ever mention at my funeral the amount of revenue I oversaw. But hopefully one day someone will say my legacy at Facebook was in how I showed up for my team, for our clients and for our industry, Everson said in a Facebook post Wednesday. ....

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Facebook users can now monetise their short-video posts


Updated:
March 15, 2021 13:41 IST
Facebook earns nearly 98% of its revenue from advertising, and retains 45% of ad revenue earned by creators
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Recently, Facebook said it is testing a feature to allow users to post Reels to their Facebook profiles.
  | Photo Credit: AP
Facebook earns nearly 98% of its revenue from advertising, and retains 45% of ad revenue earned by creators
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Some Facebook users will now be able to make money from their short video posts, provided their viewers watch an ad after 30 seconds into the video. ....

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Media and entertainment revenue to rebound 27% next fiscal: Report


Strong balance sheets, liquidity to cushion credit profiles of larger players
As per
CRISIL Ratings latest report, the TV segment – contributing around half of the sector’s topline – has recovered fully and will report healthy growth next fiscal.
The print segment – contributing a fifth of the M&E sector topline – is recovering, though at a much slower pace, and should be able to rebound fully only by the end of next fiscal.Revenue of India’s media and entertainment (M&E) sector should script a strong 27% rebound to ~Rs 1.37 lakh crore in fiscal 2022, after contracting ~26% this fiscal1. The time to bounce-back to pre-pandemic levels will be relatively shorter for segments such as digital and television (TV), while print, films, outdoor, and radio would take longer. ....

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