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In 2022 their core business made 27 billion with 5 billion revenue if advertising income falls by ~12% ((27-24)/27) they are no longer profitable. https://iche
by frozenport 4y ago
In 2022 their core business made 27 billion with 5 billion revenue if advertising income falls by ~12% ((27-24)/27) they are no longer profitable.
https://ichef.bbci.co.uk/news/976/cpsprodpb/A421/production/_127571024_873a6902-1b7f-4441-a817-06932bd6dc19.png.webp https://ichef.bbci.co.uk/news/976/cpsprodpb/A421/production/...
Haven't touched their platforms for years. User base in the USA keeps declining.
They need to cut expenses.
- _2d30 4y agoI have no idea what financial statement you’re looking at but this is not remotely correct.
- MuffinFlavored 4y agoyou mean made $5b on $27b in revenue?
- blowski 4y agoIn Q3 2022 they made about $4.4B net profit on revenues of $27B. Across the whole of 2022, it was $23B net profit on $117B revenue. Not sure what you mean by “core business”. About 97% ($113B) of their revenue comes from advertising on Facebook, and half of that is in the US.
- MuffinFlavored 4y ago> Across the whole of 2022, it was $23B net profit on $117B revenue. I'm not sure why who you were responding to assumed that if revenue dropped by 12%, profit would go to 0... Wouldn't it be: $117b revenue = $23b profit = 19.6% profit margin If revenue went down 12%, margins would probably stay the same?