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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $85,965 | $117,929 | $116,609 | $134,902 | $164,501 |
| Gross Profit | $69,273 | $95,280 | $91,360 | $108,943 | $134,340 |
| Operating Income | $32,671 | $46,753 | $28,944 | $46,751 | $69,380 |
| Net Income | $29,146 | $39,370 | $23,200 | $39,098 | $62,360 |
Over the five-year period from 2020 to 2024, Meta Platforms, Inc. has exhibited overall revenue growth from USD 85,965 million to USD 164,501 million. The company saw strong gains early on, with revenue rising approximately 37% from 2020 to 2021. Despite a slight dip in 2022 – with revenue falling marginally from USD 117,929 million in 2021 to USD 116,609 million – revenue rebounded in 2023 and accelerated further in 2024 with increases of roughly 16% and 22% year-over-year, respectively. Gross profit trends consistently mirror this expansion, growing from USD 69,273 million in 2020 to USD 134,340 million in 2024, supporting the notion of a scalable business model despite some variability during the period. However, the operating and net income figures highlight more pronounced volatility. Operating income peaked in 2021 at USD 46,753 million but then experienced a significant decline of nearly 38% to USD 28,944 million in 2022 before recovering to USD 46,751 million in 2023 and rising further to USD 69,380 million in 2024. Similarly, net income fell from USD 39,370 million in 2021 to USD 23,200 million in 2022 – a drop of over 40% – before bouncing back to reach USD 62,360 million in 2024. Such marked swings in operating margins may suggest that the company encountered temporary operational challenges or shifts in expense structures in 2022. Overall, Meta’s robust revenue and gross profit growth combined with the recovery in operating and net income by 2024 point to a fundamentally strong and sustainable business, even while year-over-year variability merits ongoing scrutiny.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.