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In 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
by blowski 4y ago
In 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?