"Meta's core online advertising business could take a $7 billion hit this year due to President Trump's tough China tariffs impacting retailers in the country."
"China's importance to Meta's business cannot be overstated, with revenue from China being a significant part, despite Meta having no users or active platforms there."
Meta stands to lose an estimated $7 billion in advertising revenue this year due to President Trump's tariffs on China, affecting major retailers like Temu and Shien. According to MoffettNathanson, Meta's revenue from China was approximately $18.35 billion in 2024, showing its significant role in the company's overall sales. With a potential recession looming, the impact on advertising revenues could worsen, highlighting the critical nature of China in Meta's business despite its lack of active platforms in the region.
Read at www.cnbc.com
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