Meta Inc, formerly known as Facebook, witnessed a significant decrease in its net income by over $16 billion in the year 2022 as compared to the preceding year. In the year 2022, Meta’s net income stood at $23.2 billion, which is a notable decline from $39.4 billion in the previous year. Additionally, Meta’s net revenue and advertising revenue experienced a decline of 1% in the year 2022 as compared to the preceding year.
Meta Inc Net Income 2008-2021
Amounts are in $millions.
| Year | Net Income ($Mn) |
|---|---|
| 2022 | $23,200 |
| 2021 | $39,370 |
| 2020 | $29,146 |
| 2019 | $18,485 |
| 2018 | $22,112 |
| 2017 | $15,934 |
| 2016 | $10,217 |
| 2015 | $3,688 |
| 2014 | $2,940 |
| 2013 | $1,500 |
| 2012 | $53 |
| 2011 | $1000 |
| 2010 | $606 |
| 2009 | $229 |
| 2008 | $-56 |
2021: The net income of Meta Inc in 2021 grew to $39,370 million compared to $29.15 billion in 2020. Meta experinced a significant growth in its net reveues and income in 2021 compared to the previous year. Its net revenue grew by around 37% in 2021 compared to the previous year and net income by around 35%.
2019: The net income of Facebook Inc in 2019 was $18.5 billion compared to $22.11 billion in 2018.
2018: Facebook’s Net income was $22.11 billion in 2018 with diluted earnings per share of $7.57 .
About Meta:
Facebook, owned by Meta, is one of the leading social media platforms with an active user base that runs in billions. Meta 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.
In 2017, Facebook’s Net Income reached 15.93 Billion US Dollars rising from 10.21 Billion Dollars. This was an increase of more than 50%. Facebook’s ad revenue has climbed sharply in 2017, leading to a rise in its total revenue and Net income.
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