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Facebook Revenue

In 2022, the total annual net revenue of Meta Inc (formerly Facebook) declined by 1% compared to the prior year. Meta generated total $116,609 million in net revenue in 2022 compared to $117,929 million in 2021.

Net Revenues of Meta Inc (formerly Facebook)

Amounts are in $millions.

YearRevenue $Mn

2021: The net revenues of Meta Inc (formerly known as Facebook) grew to $114.934 billion in 2021 compared to $86 billion in 2020.

The net revenue of Facebook Inc again took an impressive jump in 2020 compared to the previous year. the net revenue of the social media giant grew by $15.2 billion in 2020 compared to 2019. Facebook’s annual net revenue for 2020 was $85.9 billion compared to $70.7 billion in 2019.

Facebook’s net revenue during the first half of 2020 reached $36.4 billion compared to $32 billion during the same period in the previous year.

2019: Facebook’s revenue grew to $70.7 billion in 2019 from $55.8 billion in 2018.

2018 – Facebook’s revenue was $55.84 billion, up 37% year-over-year, and advertising revenue was $55.01 billion , up 38% year-over-year.

About Facebook:

Facebook is one of the leading social media platforms with an active user base that runs in billions. The company was incorporated in Delaware in July 2004. It has its headquarters at Menlo Park, California. Apart from Facebook, the company also owns Messenger, Instagram, Whatsapp, and Oculus. Substantially all of facebook’s revenue comes from advertising. The social media platform of Facebook provides attractive features for building communities and connecting with others as well as advertising and promotions.

The revenue of Facebook has increased more than five times during the last five years. In 2017, the R&D activities continued to focus on its three main priorities – increasing the use of its mobile products, developing innovative ad products to increase the efficiency of ad campaigns and making its advertisements more effective through the use of targeting capabilities. Its revenue nearly grew 150% from 2016 to 2017. There was a 47% growth in revenue from 2016 to 2017. In 2017, its revenue reached 40.65 Billion USD rising from 27.63 Billion USD. Its  ad revenue in 2017 was 39.94 Billion which was 49% higher than previous year.

Facebook’s winning spree has continued in 2018. During the first quarter, its revenue reached 11,966 Billion dollars and advertising revenue was 11,795 Million USD. In the same period last year, its total revenue was $8032 million dollars.