Facebook: quarterly net income 2010-2019

In the fourth quarter of 2019, Facebook's net income amounted to almost 7.35 billion U.S. dollars. This represents a return to form from the first two quarters of 2019, where the company's net income was less than 3 billion U.S. dollars respectively. This is largely related to legal expenses regarding a FTC matter and settlements in the United States. Facebook’s most recent annual net income amounted to 22 billion U.S. dollars.

Facebook company information

Facebook is the biggest social network worldwide. The platform generates the vast majority of its revenues through advertising – as of the beginning of 2019, 98 percent of Facebook’s revenues were derived from ad sales, making the company highly dependent on market regulations regarding digital ad sales. As of 2018, Facebook was second only to Google in terms of digital advertising revenues. The company’s ad revenue during this period amounted to 55 billion U.S. dollars. Facebook is still among the fastest-growing tech companies in the world. In 2018, the company increased its revenue by 37 percent, ahead of Netflix and Amazon. Facebook founder Mark Zuckerberg also ranks among the richest internet billionaires with a personal net worth of over 62 billion U.S. dollars.

Facebook's net income from 1st quarter 2010 to 4th quarter 2019

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Source

Release date

January 2020

Region

Worldwide

Survey time period

Q1 2010 to Q4 2019

Special properties

GAAP net income

Supplementary notes

In the fourth quarter of 2016, Facebook elected to early adopt ASU 2016-09. As such, 2016 quarterly GAAP net income includes the impact of the ASU 2016-09 adoption. Q1 2019 includes a 3 billion U.S. dollar legal expense accrued in Q1 2019 related to the ongoing FTC matter as discussed in Q1 2019 press release. Q2 2019 includes an additional $2.0 billion legal expense accrued in the second quarter of 2019 related to the FTC settlement and $1.1 billion in income taxes due to the developments in AlteraCorp. v. Commissioner as discussed in Q2 2019 Press Release.

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