The above graph represents the worldwide Facebook revenue by quarter, starting from fiscal from Q1 2010 to the recently completed quarter. In fiscal Q3 2020, the social media giant recorded a strong 22% YoY growth in its quarterly revenue, amounting to $21,470 million ($21.5 billion). This is the highest ever quarterly revenue in the history of Facebook. Compared to the previous quarter, it was nearly 14.89% QoQ increase when the company reported $18,687 million ($18.7 billion) in revenue.
It is important to note that a majority of Facebook’s revenue came from its advertising business, followed by its Payments & Other Fees.
|Source||Facebook Quarterly Reports, SEC Filings|
|Note||Facebook fiscal year starts from January 1st|
Facebook Revenue by Quarterly: History
It was the first time in Q3 2017 when Facebook quarterly revenue crossed $10 billion mark, globally. The company recorded a strong 47% YoY growth in its revenue, amounting to $10, 328 million ($10.3 billion). This was due to the increase in advertising revenue.
Facebook revenue in Q4 2018 clocked over $15 billion for the first time in history. The company reported a strong 30.4% YoY growth in its quarterly revenue, amounting to $16.91 billion during December quarter. Interestingly, during the full year of 2018, Facebook made a whopping $55.84 billion in revenue, worldwide.
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