Meta forecasts revenue rebound for third quarter

Facebook-parent Meta has forecast that a recovering in advertising will drive revenue growth at the fastest rate since 2021.

The tech giant’s revenue could grow as much as 20 per cent in the current quarter. That’s a pace the social media giant hasn’t seen since before the sluggish post-pandemic economy and a privacy rule change from Apple led to the worst rout in Meta’s digital ad sales in history.

Revenue declined for the first time ...