Its revenue was $86bn in 2020, growing by 22% despite the COVID-19 pandemic. Its profit margin was 38%, and net income was $29bn. Facebook’s market share on ad revenue in the US in 2019 was 23%, making it the second-biggest player after Google (with a 32% market share).
How much does Facebook make in 2020?
Facebook: revenue per user 2011-2020
In 2020, Facebook’s average advertising revenue per user was 32.03 U.S. dollars. The social network’s advertising revenue in 2019 was 69.7 billion U.S. dollars.
How much money did Facebook earn in 2019?
Social media giant Facebook India’s revenues grew 43 per cent year-on-year to about Rs 1,277.3 crore in 2019-20, while its net profit more than doubled to Rs 135.7 crore, as per regulatory documents.
How much does Facebook make in 2020 advertising?
In 2020, Facebook’s advertising revenue worldwide amounted to 84.2 billion U.S. dollars.
Has Facebook made a profit yet?
Facebook nearly doubles its profit and revenue rises 48 percent, as tech booms. Facebook said on Wednesday that revenue rose 48 percent to $26.2 billion in the first three months of the year, while profits nearly doubled to $9.5 billion, underlining how the social network has continued to benefit during the pandemic.
How does FB make money?
Facebook makes money by auctioning off space for ads within Facebook and Instagram users’ feeds and stories. Advertising represents 98% of Facebook revenue. The remaining 2% comes from other activities, primarily from selling Oculus and Portal hardware products.
Is FB dying?
Although many people are thinking contrary, Facebook is not dying. Facebook is maybe less cool than it was before, but it definitely has its audience. … Over the years, many companies and online stores have attracted their customers via Facebook, so it is hard to imagine that it will soon become a thing of the past.
Does Facebook pay a dividend?
FB does not currently pay a dividend. If the company does initiate a dividend payout, we’ll add their payout info and history here.