In 2023, Meta (formerly Facebook Inc) generated over 131 billion U.S. dollars in ad revenues. Advertising accounts for the vast majority of the social network's revenue.
Facebook advertising revenue – additional information
Facebook’s business model heavily relies on ads, as the majority of social network’s revenue comes from advertising. In 2020, about 97.9 percent of Facebook's global revenue was generated from advertising, whereas only around two percent was generated by payments and other fees revenue. Facebook ad revenue stood at close to 86 billion U.S. dollars in 2020, a new record for the company and a significant increase in comparison to the previous years. For instance, the social network generated almost seven billion U.S. dollars in ad revenue in 2013, about 10 billion less than the 2015 figure.
Facebook's average revenue per user also significantly increased in the same time span, going from 6.81 U.S. dollars in 2013 to 32.03 U.S. dollars in 2020. The U.S. and Canada are important markets for Facebook, considering the average revenue per user (ARPU) in these two countries is far above the global average. Facebook’s ARPU in the U.S. and Canada was 41.41 U.S. dollars in the last quarter of 2019, while the global average was 8.52 U.S. dollars. In Europe, Facebook’s average revenue per user was 13.21 U.S. dollars during the same time period.
In terms of segments, mobile is the most promising advertising form for the company. In 2018, Facebook’s mobile advertising revenue already accounted for 92 percent of the social network’s total advertising revenue. Facebook’s mobile advertising revenue grew from an estimate of 13 billion U.S. dollars in 2015 to 50.6 billion U.S. dollars in 2018.
Annual advertising revenue of Meta Platforms worldwide from 2009 to 2023
(in million U.S. dollars)
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Meta Platforms. (February 1, 2024). Annual advertising revenue of Meta Platforms worldwide from 2009 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/271258/facebooks-advertising-revenue-worldwide/
Meta Platforms. "Annual advertising revenue of Meta Platforms worldwide from 2009 to 2023 (in million U.S. dollars)." Chart. February 1, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/271258/facebooks-advertising-revenue-worldwide/
Meta Platforms. (2024). Annual advertising revenue of Meta Platforms worldwide from 2009 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/271258/facebooks-advertising-revenue-worldwide/
Meta Platforms. "Annual Advertising Revenue of Meta Platforms Worldwide from 2009 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 1 Feb 2024, https://www.statista.com/statistics/271258/facebooks-advertising-revenue-worldwide/
Meta Platforms, Annual advertising revenue of Meta Platforms worldwide from 2009 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/271258/facebooks-advertising-revenue-worldwide/ (last visited August 25, 2024)
Annual advertising revenue of Meta Platforms worldwide from 2009 to 2023 (in million U.S. dollars) [Graph], Meta Platforms, February 1, 2024. [Online]. Available: https://www.statista.com/statistics/271258/facebooks-advertising-revenue-worldwide/