Meta Platforms Gross Profit 2010-2024 | META (2024)

Meta Platforms annual/quarterly gross profit history and growth rate from 2010 to 2024. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.

  • Meta Platforms gross profit for the quarter ending March 31, 2024 was $29.815B, a 32.29% increase year-over-year.
  • Meta Platforms gross profit for the twelve months ending March 31, 2024 was $116.221B, a 26.34% increase year-over-year.
  • Meta Platforms annual gross profit for 2023 was $108.943B, a 19.25% increase from 2022.
  • Meta Platforms annual gross profit for 2022 was $91.36B, a 4.11% decline from 2021.
  • Meta Platforms annual gross profit for 2021 was $95.28B, a 37.54% increase from 2020.

Meta Platforms Annual Gross Profit
(Millions of US $)
2023$108,943
2022$91,360
2021$95,280
2020$69,273
2019$57,927
2018$46,483
2017$35,199
2016$23,849
2015$15,061
2014$10,313
2013$5,997
2012$3,725
2011$2,851
2010$1,481
2009$554
Meta Platforms Quarterly Gross Profit
(Millions of US $)
2024-03-31$29,815
2023-12-31$32,416
2023-09-30$27,936
2023-06-30$26,054
2023-03-31$22,537
2022-12-31$23,829
2022-09-30$21,998
2022-06-30$23,630
2022-03-31$21,903
2021-12-31$27,323
2021-09-30$23,239
2021-06-30$23,678
2021-03-31$21,040
2020-12-31$22,861
2020-09-30$17,276
2020-06-30$14,858
2020-03-31$14,278
2019-12-31$17,590
2019-09-30$14,497
2019-06-30$13,579
2019-03-31$12,261
2018-12-31$14,118
2018-09-30$11,309
2018-06-30$11,017
2018-03-31$10,039
2017-12-31$11,362
2017-09-30$8,880
2017-06-30$8,084
2017-03-31$6,873
2016-12-31$7,762
2016-09-30$6,024
2016-06-30$5,519
2016-03-31$4,544
2015-12-31$5,017
2015-09-30$3,781
2015-06-30$3,374
2015-03-31$2,889
2014-12-31$3,198
2014-09-30$2,638
2014-06-30$2,437
2014-03-31$2,040
2013-12-31$2,095
2013-09-30$1,509
2013-06-30$1,348
2013-03-31$1,045
2012-12-31$1,187
2012-09-30$940
2012-06-30$817
2012-03-31$781
2011-12-31$884
2011-09-30$718
2011-06-30$685
2011-03-31$564
2010-12-31$581
2010-09-30$336
2010-06-30$320
2010-03-31$245
2009-12-31
SectorIndustryMarket CapRevenue
Computer and TechnologyInternet Software$1209.394B$134.902B
Meta Platforms is the world's largest social media platform. The company's portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app owing to acquisitions. Along with in-house developed Messenger, these apps now form Meta's family of products used by billions of people on a monthly basis. Meta uses metrics like daily active users (DAUs) and monthly active users (MAUs) to measure Facebook's user base. Marketers buy ads that can appear on multiple platforms including Meta, Instagram, Messenger and third-party applications and websites. Meta, thanks to its huge user base gained a significant market share in the advertising space wherein it faces tough competition from Google, Twitter, Amazon and Snapchat-parent Snap. Meta also faces significant competition from the likes of Apple (messaging), YouTube (advertising and video), Bytedance (social media) and Tencent (messaging and social media).
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Meta Platforms Gross Profit 2010-2024 | META (2024)

FAQs

Meta Platforms Gross Profit 2010-2024 | META? ›

Meta Platforms Gross Profit 2010-2024 | META

Are meta platforms profitable? ›

Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. But its shares dropped sharply in after-hours trading following lukewarm revenue guidance. Meta Platforms Inc.

What was Facebook's profit in 2010? ›

Previous reports say Facebook profited $355 million over 2010's first 9 months. That puts Facebook's total 2010 profits at $600 million. These sources say the company is on track to generate about $2 billion of EBITDA in 2011 (earnings before interest, taxes, depreciation and amortization).

What is meta net worth 2024? ›

Meta Platforms has a market cap or net worth of $1.21 trillion as of July 19, 2024. Its market cap has increased by 61.50% in one year.

What is the gross profit of meta platforms? ›

Meta Platforms gross profit for the quarter ending March 31, 2024 was $29.815B, a 32.29% increase year-over-year. Meta Platforms gross profit for the twelve months ending March 31, 2024 was $116.221B, a 26.34% increase year-over-year.

Is Meta losing or profiting? ›

Meta loses $200 billion in value, Zuckerberg focuses on AI, metaverse.

What is Meta's largest source of revenue? ›

Meta's main source of income is digital advertising.

Why is Meta earnings so low? ›

Meta stock took a big hit after the company's first quarter earnings report in late April, mostly because of the company's spending plans.

How much money did Mark Zuckerberg lose when Facebook went down? ›

Mark Zuckerberg loses $3 billion after Facebook, Instagram global outage.

Was Facebook ever profitable? ›

Facebook Profit

Facebook reported $39 billion net profit in 2023, an increase on the $23.1 billion it made last year.

How much is Facebook worth in 2024? ›

As of July 2024 Meta Platforms (Facebook) has a market cap of $1.209 Trillion. This makes Meta Platforms (Facebook) the world's 7th most valuable company by market cap according to our data.

What will Meta be worth 2030? ›

If Meta matches those estimates and continues to grow its bottom line at a compound annual rate of 15% from 2026 to 2030, its EPS could rise to $46.70. If its forward multiple remains roughly the same, in early 2030, its stock could be trading at about $1,120, giving it a market cap of nearly $2.8 trillion.

Why is Meta so rich? ›

As noted above, its primary source of revenue is through digital advertising. Due to the enormous number of users and social media reach, advertisers large and small consider Meta a prime opportunity to present ads to viewers.

What is the monthly income of Mark Zuckerberg? ›

Zuckerberg's official salary remains a symbolic $1, according to Meta's 2023 SEC filing. Yes, you read it right. His salary is $1 and follows a trend Zuckerberg established in 2013. However, the filing reveals a different story when it comes to total compensation.

Is Meta Trading profitable? ›

Forex trading is an exciting and potentially profitable venture, but it can also be daunting for beginners. Meta Trader 4 (MT4) is a popular platform for trading forex, and it offers a range of tools and features that can help traders make informed decisions.

Is Meta Platforms a good stock to buy? ›

Meta Platforms has 12.85% upside potential, based on the analysts' average price target. Is META a Buy, Sell or Hold? Meta Platforms has a consensus rating of Strong Buy which is based on 39 buy ratings, 3 hold ratings and 2 sell ratings.

Is Meta VR profitable? ›

Meta's Reality Labs recorded $440 million in revenue but an overall loss of $3.85 billion. "The initial signs are quite positive here. But building the leading AI will also be a larger undertaking than the other experiences we've added to our apps, and this is likely going to take several years," said Zuckerberg.

Are meta platforms overvalued? ›

Potentially Overvalued

In addition, its GAAP price-to-earnings ratio is 29.36x, which is 11.37% higher than its five-year average of 26.36x. I think some caution is warranted because of the valuation at the moment. If the price were cheaper, Meta would look like an excellent long-term investment to me.

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