Meta: Net Income, by year
YearNet income,
in million USD
  • Region: Worldwide
  • Time period: 2008 to 2023
  • Published: Feb 2024

Data Analysis and Insights

Updated: Apr 6, 2024 | Published by: Statistico

Significant recovery and growth in 2023

Meta's net income saw a remarkable rebound in 2023, with a reported net income of $39,098 million. This represents a significant recovery and growth from 2022, when the net income was $23,200 million, marking an increase of approximately 68.5%. This recovery is especially notable following the fluctuation observed in previous years, underscoring Meta's ability to bounce back and achieve substantial growth.

Historical peak in 2021

The year 2021 stands out as a historical peak for Meta, with the company achieving a net income of $39,370 million. This figure represents the highest net income recorded in the provided data span. Comparing this peak to the company's latest figures, Meta nearly matched this performance in 2023, signaling a return to its peak financial performance after a dip in 2022.

Consistent growth from 2008 to 2023

Meta has demonstrated consistent growth in net income from 2008 to 2023, starting from a net loss of $56 million in 2008 to achieving a net income of $39,098 million in 2023. This progression highlights a remarkable turnaround and consistent upward trajectory in financial performance over a 15-year period, indicating strong growth and recovery capabilities.

The impact of the COVID-19 pandemic

The COVID-19 pandemic years, particularly 2020 and 2021, marked significant years for Meta in terms of net income. In 2020, the net income was $29,146 million, which then saw an increase to $39,370 million in 2021. This growth during the pandemic period underscores the increased reliance on digital platforms and social media, contributing to Meta's financial success during these years.

Fluctuations in year-over-year growth

Meta experienced fluctuations in its year-over-year growth, with notable instances in 2019 to 2020 and 2021 to 2022. The growth from $18,485 million in 2019 to $29,146 million in 2020 was followed by a peak in 2021 and a subsequent dip in 2022 to $23,200 million. However, Meta managed to recover and grow significantly in 2023. These fluctuations highlight the challenges and volatility in the tech industry, yet also Meta's resilience and capacity for recovery.

From losses to significant profits

Meta's financial journey from experiencing a net loss of $56 million in 2008 to achieving substantial net incomes underscores a remarkable turnaround. This transition from losses in its early years to significant profits, culminating in net incomes exceeding $39 billion in both 2021 and 2023, illustrates the company's successful growth strategy and market adaptability over the years.

Frequently Asked Questions

How did Meta's net income evolve in recent years?

Meta showed consistent growth in net income from 2008 to 2023, starting from a net loss of $56 million in 2008 to achieving a net income of $39,098 million in 2023.

Terms and Definitions

Formerly known as Facebook Inc., Meta is an American multinational technology conglomerate holding company. It serves as the parent company of Facebook, Instagram, WhatsApp and other subsidiaries active in the fields of technology, social media, and virtual reality.

Net income refers to a company's total earnings or profit. It is calculated by subtracting total expenses, including tax and operational costs, from total revenues.

Revenue is the total income generated by a business from its core operations, which may be the sale of goods, services or other productive assets. It serves as the gross income before any expenditures or tax deductions are made.

Expenses in a business context refer to the costs incurred by a company in the process of earning revenue. These may include cost of goods sold, operational costs, depreciation, interest, taxes, and other financial obligations.

Operating cost is a type of expense encountered in the course of business operations that includes costs of goods sold (COGS), labor costs, and other day-to-day operational expenses necessary to run the business excluding interest and taxes.

Earnings are a measure of a company's profitability. It is the net profit that a company makes after deducting all its costs including salaries, overhead costs, depreciation, interest and taxes from its total revenue.
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