The table above shows Meta Inc’s research and development expenses from 2010 to 2022.
The research and development expenses of Meta Inc. (formerly Facebook) have increased sharply in 2022 compared to the prior year. Meta spent $35,338 million on research and development in 2022 compared to $24,655 million in 2021. Meta is also among the leading spenders on R&D in the entire industry, with Amazon at the top of the list.
Research and Development Costs of Meta 2010-2022
Amounts are in millions.
| Year | R&D Expenses (Mn) |
|---|---|
| 2022 | $35,338 |
| 2021 | $24,655 |
| 2020 | $18,447 |
| 2019 | $13,600 |
| 2018 | $10,273 |
| 2017 | $ 7,754 |
| 2016 | $ 5,919 |
| 2015 | $ 4,816 |
| 2014 | $ 2,666 |
| 2013 | $ 1,415 |
| 2012 | $ 1,399 |
| 2011 | $ 388 |
| 2010 | $ 144 |
2021: Meta Inc’s research and development costs grew to $24,655 million in 2021 compared to $18,447 million in 2020.
The research and development expenses of Facebook grew to $13.6 billion in 2019 from $10.3 billion in 2018.
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 aslo 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.
R&D costs of Facebook 2018 Q1 – 2.24 Billion Dollars
Facebook’s business is heavily dependent on technology and it has to continuously invest in new technologies so as to grow its business and the effectiveness of its advertisements and advertising campaigns. The social media giant has seen very fast growth in its audience size and revenue over the recent years. It is investing in artificial intelligence research as well as augmented reality and virtual reality so as to develop technologies that can better serve its audience. Facebook’s R&D investment has grown rapidly during the recent years from 5.92 Billion USD in 2016 to 7.75 Billion USD in 2017. In the first quarter of 2018, the brand invested 2.24 Billion USD on R&D.
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