Meta Platforms
RANK
27
The company formerly known as Facebook climbed seven spots on this year’s Fortune 500; its revenue grew 37.2% in 2021, to $118 billion, and it generated nearly $40 billion in profit. But the name change to Meta Platforms, announced by CEO Mark Zuckerberg in October 2021, is a sign of some of the challenges the company now faces. Meta Platforms’ core social media product, Facebook itself, saw its number of daily active users decline for the first time over the last three months of 2021. Meta also acknowledged that recent changes in privacy settings on Apple’s iOS apps were hurting Facebook’s ad-sales revenue. That changing landscape adds momentum to Meta’s new commitment to the metaverse, the digital and virtual world that Citi predicts will be worth $13 trillion in 2030. In December, Meta disclosed that it had already spent $10 billion on metaverse-related projects. The company admits those will take a long time to pay off, however, and Wall Street is concerned: The company’s share price fell almost 40% over the first four months of 2022.
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Company Information
As of 2/1/2023
Country
U.S.
Headquarters
Menlo Park, Calif.
Industry
Internet Services and Retailing
CEO
Mark Zuckerberg
Website
Company Type
Public
Ticker
META
Revenues ($M)
$118,115
Profits ($M)
$28,832
Market Value ($M)
$365,456
Employees
87,314
Figures are for the latest twelve months ended Sept. 30, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$117,929
37.2%
Profits ($M)
$39,370
35.1%
Assets ($M)
$165,987
-
Total Stockholder Equity ($M)
$124,879
-
Profit Ratios
Profit as % of Revenues
33.4%
Profits as % of Assets
23.7%
Profits as % of Stockholder Equity
31.5%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
1,377
EPS % Change (from 2020)
36.5%
EPS % Change (5 year annual rate)
31.6%
EPS % Change (10 year annual rate)
-
Total Return
Total Return to Investors (2021)
23.1%
Total Return to Investors (5 year, annualized)
23.9%
Total Return to Investors (10 year, annualized)
-
Meta Platforms Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $85,96521.6% | $29,14657.7% | $159,316 | $128,290 |
| 2020 | $70,69726.6% | $18,485-16.4% | $133,376 | $101,054 |
| 2019 | $55,83837.4% | $22,11238.8% | $97,334 | $84,127 |
| 2018 | $40,65347.1% | $15,93456% | $84,524 | $74,347 |
| 2017 | $27,63854.2% | $10,217177% | $64,961 | $59,194 |
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Lists ranking Meta Platforms
