In 2023, Meta Platforms generated 133 billion U.S. dollars in revenues through its Family of Apps (FoA) segment. The American tech company's FoA includes well-established platforms such as Facebook, Instagram, Messenger, and WhatsApp. Reality Labs, which includes Meta’s augmented and virtual reality products, generated just over 1.8 billion U.S. dollars in 2022.
How much does Meta’s make through advertising?
Most of Meta's 2022 revenue was generated via advertising. In fact, 113.6 billion U.S. dollars were made in ad revenues across Meta’s platforms, accounting for approximately 97 percent of all profits. Additionally, 2021 saw a record annual revenue of almost 118 billion U.S. dollars, followed by decline in 2022 - an unwelcome first for the company which has only ever seen year-on-year growth in revenues since 2009.
How many people are using Meta’s products?
It is not surprising that Meta attracts so many people throughout the world given that social media giant Facebook is a part of the company’s foundation. As of the fourth quarter of 2022, Meta amassed a total of 3.74 billion monthly active product users, who were all engaging with at least one of the company’s core services. For the same period, almost three billion people of these users were accessing Meta’s products daily.
Annual revenue generated by Meta Platforms from 2009 to 2023, by segment
(in million U.S. dollars)
¹In 2019, "payments and other fees revenue" was renamed into "other revenue".
²"Beginning in the fourth quarter of 2021, we report our financial results based on two reportable segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes augmented and virtual reality related consumer hardware, software, and content. As of December 31, 2021, our operating segments are the same as our reportable segments."
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Meta Platforms. (February 1, 2024). Annual revenue generated by Meta Platforms from 2009 to 2023, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/267031/facebooks-annual-revenue-by-segment/
Meta Platforms. "Annual revenue generated by Meta Platforms from 2009 to 2023, by segment (in million U.S. dollars)." Chart. February 1, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/267031/facebooks-annual-revenue-by-segment/
Meta Platforms. (2024). Annual revenue generated by Meta Platforms from 2009 to 2023, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/267031/facebooks-annual-revenue-by-segment/
Meta Platforms. "Annual Revenue Generated by Meta Platforms from 2009 to 2023, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 1 Feb 2024, https://www.statista.com/statistics/267031/facebooks-annual-revenue-by-segment/
Meta Platforms, Annual revenue generated by Meta Platforms from 2009 to 2023, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/267031/facebooks-annual-revenue-by-segment/ (last visited July 22, 2024)
Annual revenue generated by Meta Platforms from 2009 to 2023, by segment (in million U.S. dollars) [Graph], Meta Platforms, February 1, 2024. [Online]. Available: https://www.statista.com/statistics/267031/facebooks-annual-revenue-by-segment/
