A new performance report is out from Meta and numbers from last quarter showed some dismal trends for the social media giant, prompting speculation about the future of the formerly indomitable tech company.

Small increases in monthly active users

Monthly active users have grown for Meta, which might sound promising, but the company’s primary social app, Facebook, saw only a 2 million increase in the category from Q3 to Q4. While that might not sound terrible, it is the smallest quarter-to-quarter increase in monthly active users the company has seen in its history.

Unfortunately, for Meta, that’s not even the worst of it.

The real kicker was in Facebook’s daily active users, which dropped by 1 million across the globe, despite small increases in Europe and some Asia Pacific regions. The drop was the first time the company has recorded any decline in the category in its history.

That such a decrease happened during the holidays, when user activity typically picks up, also does not bode well.

Of course, Meta tried to highlight its cross-app user growth of 10 million – a metric including data from WhatsApp, Instagram, Messenger, and Facebook.

In the final quarter of last year, VR sales also increased, pulling in $877 million of revenue – which, while being a small portion of overall profits, is still considerable.