Meta: Revenue, by year
in million USD
  • Region: Worldwide
  • Time period: 2009 to 2023
  • Published: Feb 2024

Data Analysis and Insights

Updated: Mar 29, 2024 | Published by: Statistico

Accelerated Revenue Growth from 2020 to 2023

Meta's revenue saw a significant jump, increasing by 57% from $85,965 million in 2020 to $134,902 million in 2023. This period marks the company's most rapid growth phase, highlighting its expanding market influence and successful adaptation to evolving digital landscapes.

Revenue Doubling Time

Between 2016 and 2018, Meta's revenue more than doubled from $27,638 million to $55,838 million, indicating a strong growth trajectory. Similarly, it took another three years to achieve this feat again, doubling from 2018's $55,838 million to 2021's $117,929 million, underscoring consistent performance and market expansion.

Consistent Growth Despite Market Fluctuations

Over the last decade, Meta consistently increased its annual revenue, with the only exception being a slight decrease from $117,929 million in 2021 to $116,609 million in 2022. This resilience is indicative of the company's strong business model and ability to navigate through various market conditions.

Historical Revenue Milestones

Meta first surpassed the $10,000 million revenue mark in 2014, demonstrating its rapid ascent in the tech industry. Subsequent milestones were reached quickly, with revenue surpassing $50,000 million in 2018 and then $100,000 million in 2021, reflecting accelerated growth and market dominance.

Average Annual Growth Rate

From 2009 to 2023, Meta's revenue grew from $777 million to $134,902 million, achieving an average annual growth rate of approximately 53%. This remarkable growth rate showcases the company's innovation, scalability, and increasing relevance in the digital age.

Frequently Asked Questions

What was the only year Meta did not increase its annual revenue in the last decade?

The only year Meta saw a decrease in annual revenue was in 2022, from $117,929 million in 2021 to $116,609 million in 2022.

What was Meta's average annual growth rate in recent years?

From 2009 to 2023, Meta's revenue grew from $777 million to $134,902 million, achieving an average annual growth rate of approximately 53%.

Terms and Definitions

Formerly known as Facebook Inc., Meta is a multinational technology company based in the United States. It is well-known for operating several social networking platforms and technology products, including Facebook, Instagram, WhatsApp, and Oculus VR.

Revenue is the income that a business earns from its normal business activities, usually from the sale of goods and services to customers. In the context of a company like Meta, this could include income from advertising, data sales, ecommerce, and more.

A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting. The fiscal year is the period during which a company calculates its annual financial performance.

Annual Revenue is the total income that a company earns in a given fiscal year before expenses are deducted. This would include all sources of the company's income, from product or service sales to investment income, if applicable.

Quarterly Revenue is the income a company generates over a three-month period within a fiscal year, typically reported four times a year following the quarter's end.

Revenue Growth is the increase — or decrease, when negative — in a company's sales from one period to another. It's usually represented as a percentage. It is a key indicator of the company's profitability and business expansion.

Gross revenue, also known as gross sales, is the total amount of sales recognized for a reporting period, before any costs or expenses are deducted.

Net Revenue is a company's income calculated after deducting the costs associated with producing and selling goods or delivering services, any discounts given, returns by customers, and any taxes related to sales.

A Revenue Stream is a company's individual source of revenue. For a company like Meta, each product or service—like advertising on Facebook, subscription fees for Oculus, or ecommerce on Instagram—represents a different revenue stream.
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Meta, formerly known as Facebook, is one of the biggest social media platforms worldwide, recognized for its significant influence on digital communication, online advertising, and information dissemination. Read more »