Indeed, it is the highest single quarterly Facebook revenue figure ever generated, beating the previous record of $16.91 billion in Q4 2018.
Facebook… Facebook as a social media platform is a big black hole of big data and has always made use of this data to generate revenue from its targeted advertisements. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Facebook Revenue Statistics. Facebook annual revenue increased from $55.8 billion in 2018 to $70.7 billion in 2019, a 26.6% increase. The company does not do a separate breakdown for net income. Facebook breaks down its revenue into two separate segments: Advertising and Payments and other fees.

Find detailed stats on Facebook revenue on Craft. If that's true, Facebook is growing quicker than even people inside to the company thought. Business Strategy of Facebook. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Facebook annual/quarterly revenue history and growth rate from 2009 to 2020.

This compares to $16.89 billion in Q2 2019 (a 5% increase), and $13,727 in Q3 2018 (a 29% increase). Below we provide a breakdown of the company's primary revenue streams: Advertising revenue (98.5% of 2018 revenues): Facebook generates the vast majority of its revenue from advertising.

So if ad blockers really take off, Facebook could find itself in a world of hurt. Facebook's mobile advertising business helped the social network report another strong quarter, beating analyst expectation in terms of revenue growth. Facebook revenue for Q3 2019 came to a stately $17.65 billion. Facebook users help the company earn money and increasing the user-base is, hence, the topmost priority of the brand.But this is just the phase one of the strategy. Facebook: global mobile advertising revenue Q3 2019 Share of U.S. mobile social users who accessed Facebook on their device 2011-2017 Daily Facebook usage rate in Sweden 2011-2019 Desktop revenue is flat or declining, and payments hasn't really started to kick in yet.