Facebook Financial Performance: Revenue, Expenses, and Profits

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During this period, Facebook consistently reported robust financial performance. Year after year, the company achieved substantial revenue growth, which allowed for investments in research and development, infrastructure, and future growth opportunities. Facebook's financial success was a testament to its ability to leverage its vast user base and stay at the forefront of technological advancements.

Despite its financial success, Facebook has faced some setbacks in recent years. In 2022, the company experienced a major decline in revenue and net income, making it the second-largest drop since 2012. This decline is the result of several factors that are having a major impact on the company’s revenue streams. While these factors are all expected to impact Facebook’s net income in 2023, it is unclear how long this decline will last.


Facebook has been a consistently profitable company over the years. Its revenue has shown significant guatemala phone number data growth, largely due to advertising sales. Facebook’s revenue comes primarily from advertising, with a significant portion attributed to mobile advertising. The company’s ability to leverage its vast user base and effectively target ads has contributed to its revenue growth.

In 2019, Facebook’s revenue was $70.6 billion. This increased by 22.28% to reach $85.9 billion in 2020, and increased by 35.81% to reach $117.9 billion in 2021. Facebook’s net income also grew during this period, increasing by 35.08% from $29.1 billion in 2019 to $39.3 billion in 2020. This was a decrease of 41.17% to reach $23.1 billion in 2021.