Facebook annual net income for 2017 was $15.92B, a 56.26% increase from 2016. Facebook annual net income for 2019 was $18.485B, a 16.4% decline from 2018. Facebook revenue for Q3 2019 came to a stately $17.65 billion. "With people relying on our services more than ever, we're focused on keeping people safe, informed and connected." Response to COVID-19 Pandemic In … In 2019, Facebook's revenue amounted to 70.7 billion US dollars, up from 55.8 billion U.S. dollars in the previous fiscal year. We're here to answer your general questions during business hours, Monday to Friday. This March 29, 2018, file photo shows the Facebook logo on screens at the Nasdaq MarketSite in New York's Times Square. Facebook Inc. reported an 18% increase in first-quarter revenue, showing advertising demand was strong before the Covid-19 pandemic hit marketing budgets. John Blackledge, analyst at Cowen & Co, now forecast Facebook's 2020 revenue to be $67.8 billion, reflecting a significant drop of $15.7 billion … Its earnings per share of $1.71 fell slightly short of analyst projections of $1.74 EPS. Facebook annual/quarterly revenue history and growth rate from 2009 to 2020. That said, both Google and Facebook will continue to be massively profitable even with double-digit revenue drops. Facebook announced its Q1 2020 earnings on Wednesday. Facebook Revenue Statistics. Other revenue streams generated 297 million U.S. dollars in revenues. Facebook annual net income for 2018 was $22.111B, a 38.89% increase from 2017. 65K likes. This compares to $16.89 billion in Q2 2019 (a 5% increase), and $13,727 in Q3 2018 (a 29% increase). The social network's main source of income is digital advertising. Facebook on Tuesday, April 28, 2020, reported its slowest quarterly growth as a public company, pressured by a global slowdown in the digital advertising market due to the coronavirus pandemic. Indeed, it is the highest single quarterly Facebook revenue figure ever generated, beating the previous record of $16.91 billion in Q4 2018. The social network's main source of income is digital advertising. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. In 2019, Facebook's revenue amounted to 70.7 billion US dollars, up from 55.8 billion U.S. dollars in the previous fiscal year. Big tech and ad firms were relatively unscathed by declining ad revenue in Q1, but Q2 outlook is darker Published Fri, May 1 2020 9:20 AM EDT Updated Fri, May 1 2020 … Facebook soars after reporting 'stability' in ad revenue after fall in March Published Wed, Apr 29 2020 3:32 PM EDT Updated Wed, Apr 29 2020 6:36 PM EDT Salvador Rodriguez @sal19 On average, analysts expect Facebook's first-quarter revenue to rise 16.9% year over year during the period. In the first quarter of 2020, Facebook's total advertising revenue amounted to 17.44 billion U.S. dollars. "Our work has always been about helping you stay connected with the people you care about," said Mark Zuckerberg, Facebook founder and CEO. For 2020, Google total net revenue is now projected to … Its user numbers surged, while its revenue was better than Wall Street was expecting. That, combined with Facebook's historical guidance cautiousness, suggests the company thinks it has a good chance of delivering 20%-plus revenue growth in 2020. Facebook’s revenue in the last three months of 2019 rose 25 percent from a year earlier to $21 billion, while profits jumped 7 percent to $7.3 billion, the Silicon Valley giant said. Inland Revenue NZ, Wellington, New Zealand. For Q1, Facebook posted revenue of $17.7 billion, topping analyst estimates of $17.4 billion. Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2020. Facebook generated $17.4 billion in revenue, or 98% of its top line, from online ads last quarter. Facebook net income for the twelve months ending March 31, 2020 was $20.958B, a 7.19% increase year-over-year. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.