Facebook Q4, FY20 Revenue $28 bln up 33pct, Income $11.2bln

[engine]

Facebook has reported its Q4 FY20 results and revenues are up 33% to $28,072 billion, and net Income of $11,219 billion, up from $7,349 billion, Y-o-Y.

Year end finished at $85,965 billion, up 22%, with Net Income of $29,146, up 58% from the previous year.

Facebook also reported some user stats.

Facebook daily active users (DAUs) – DAUs were 1.84 billion on average for December 2020, an increase of 11% year-over-year.
Facebook monthly active users (MAUs) – MAUs were 2.80 billion as of December 31, 2020, an increase of 12% year-over-year.

[investor.fb.com...]

[lammert]

User activity was up 11 to 12% in a year, but net income increased 58% in the same period. A nice job when at the same time advertisers were struggling during a pandemic.

Just for the math and fun, $29.146 billion with 52,534 employees amounts to a whopping $554,802 net income per employee in that period. That is the money the company pocketed for every employee, after deducting all costs.

[engine]

When you look at it from that aspect, it's a profit machine!

[JorgeV]

Hello,

Since my Adsense earning is surprisingly doing well, since last summer, for Q4 2020, I am at 100% revenue growth YtoY, so I am doing better than Facebook, Google, Apple, etc, ... and I am not bragging about it...