Meta, formerly known as Facebook is a technology that has brought the world closer to each other. Founded in 2004 by Mark Zuckerberg and Dustin Moskowitz, Chris Huges and Eduardo Saverin, this visionary project brought every family member and long-lost friend far across the seas to our fingertips and just a click away. Meta now serves over 3 billion people worldwide by acquiring Instagram, WhatsApp and Oculus VR. Today Social media is taking the world over and Meta is the face of the evolution.
Meta Platforms Inc Net Worth
Meta today has a net worth of $1.27 trillion, increasing by the minute. After its first public offering in 2012, Meta has seen a noteworthy growth of 1436.54% bringing it the 7th largest company in the Mega-Cap category showing tremendous success in the tech sector.
Net worth years 2019 vs 2024
Throughout the 5 years, the company has seen significant growth in its net worth. However, the dip the brand sees during 2022 is due to decreased ad revenues, increased competition, and considerable investment in the metaverse. In the years 2023-24, the company saw a jump after the successful implementation of AI technologies and recovery from digital advertising revenues. Today, the company stands at a net worth which makes it one of the world’s 7th most valuable companies.
Date | Net Worth |
---|---|
2024 | $1.27 trillion |
2023 | $700 billion |
2022 | $580 billion |
2021 | $915 billion |
Meta Platforms Inc. profit and loss
Meta’s strong profits and efficient cost management have boosted its market position today. After cutting off all operating expenses, Meta stands at $50.203 billion and $8.330 billion after-tax contributions.
Item | Amount |
---|---|
Total Revenue | $134,902 million |
Cost of Revenue, Total | 26,006 million |
Gross Profit | $108,896 million |
Total Operating Expenses | $84,699 million |
Selling/General/Admin. Expenses, Total | $22,204 million |
Research & Development | $36,489 million |
Depreciation / Amortization | -$3 million |
Interest Expense (Income) – Net | -$446 million |
Unusual Expense (Income) | $5,000 million |
Other Operating Expenses, Total | $449 million |
Operating Income | $50,203 million |
Interest Income (Expense), Net | $321 million |
Gain (Loss) on Sale of Assets | -$101 million |
Other, Net | $2,876 million |
Net Income Before Taxes | $47,428 million |
Provision for Income Taxes | $8,330 million |
Net Income After Taxes | $39,098 million |
Net Income Before Extraordinary Items | $39,098 million |
Net Income | $39,098 million |
Diluted Net Income | $39,093.23 million |
Diluted Weighted Average Shares | $2,629 million |
Diluted EPS Excluding Extraordinary Items | $14.87 million |
Diluted Normalized EPS | $12.12 million |
Meta Platforms Inc assets
Meta recorded a total asset count of $222.84 billion including all its current and non-current assets, equal to cash and cash equivalents, inventories, properties and equipment. Meta’s assets have seen massive growth year over year. The company’s assets have expanded with a growth in investments, technology and infrastructure.
Year | Total Assets |
---|---|
2024-03-31 | $222.84 billion |
2023-12-31 | $229.62 billion |
2022-12-31 | $185.72 billion |
2021-12-31 | $165.98 billion |
2020-12-31 | $159.31 billion |
2019-12-31 | $133.37 billion |
2018-12-31 | $97.33 billion |
2017-12-31 | $84.52 billion |
2016-12-31 | $64.96 billion |
2015-12-31 | $49.40 billion |
2014-12-31 | $39.96 billion |
2013-12-31 | $17.89 billion |
2012-12-31 | $15.10 billion |
2011-12-31 | $6.33 billion |
2010-12-31 | $2.99 billion |
Meta Platforms Inc liabilities
Meta has total liabilities that amount to $73.3 billion. The company’s liabilities are well-managed with $58.1 billion in cash and $13.4 billion in receivables due within a year. After all the liabilities incurred the company has kept its position strong in the market, smartly handling its debts and obligations.
Item | Amount |
---|---|
Total Liabilities | $73.30 billion |
Liabilities due within 12 months | $28.10 billion |
Liabilities beyond 12 months | $45.20 billion |
Cash | 58.10 billion |
Receivables (due within 12 months) | $13.40 billion |
Net Liabilities | $1.77 billion |
Total Debt | $18.40 billion |
Previous Year’s Debt | $9.93 billion |
Meta Platforms Inc stock market year-on-year
As of June 2024, Meta’s stock stands at $495.27 with an increase of 82.72% over the years. Every year company’s stock has risen by 39.92% creating a strong market position. The company’s performance is supported by a market cap of $1.25 trillion and a low beta of 1.31, reflecting a moderate market risk.
Year | Average Stock Price | Year Over Year % | Current Business | Current Valuation |
---|---|---|---|---|
2024 | $495.27 | 82.72% | Tech Company | $1.25 trillion |
Meta Platforms’ new acquisitions & it’s business
As of 2024, Meta Platforms has expanded its portfolio across domains with its strategic acquisitions. The sectors it has acquired include consumer digital in the US, deep tech and gaming, camouflage and armature studio, and luxexcel which has enhanced the capabilities of this metaverse platform.
Sr No | Company Name | Bought At | Current Business |
---|---|---|---|
1 | Luxexcel | Dec 28, 2022 | Specializes in 3D printing for lenses and smart glasses |
2 | Camouflaj | Oct 11, 2022 | Develops VR games, known for Batman: Arkham Shadow for Meta |
3 | Armature Studio | Oct 11, 2022 | Video game development, co-developer of Resident Evil 4 VR |
4 | Gary Sharp Innovations | Jun 01, 2022 | Advanced optical technologies for AR/VR applications |
5 | Lofelt | Sep 02, 2022 | Haptic technology for immersive experiences |
Meta Platforms Inc comparison with competitors
Meta has competitors from big players in the social media and digital network space. One significant competition of the company is Instagram for its user engagement. Snapchat, LinkedIn and X formally known as Twitter.
Microsoft acquired LinkedIn and X was acquired by Elon Musk giving tough competition to Meta in this challenging world of digital. To keep its position in the sector going strong, Meta has offered its users some unique features and is in the race to increase its user base.
Company Name | Founded Year | Location | Monthly Active Users | Notable Features | Revenue (Most Recent) |
---|---|---|---|---|---|
2010 | United States | $2.35 billion | Photo and video sharing, Stories, Reels | Part of Meta, specific revenue not disclosed | |
Snapchat | 2011 | United States | $397 million (daily active) | Disappearing messages, Stories | $1.07 billion (Q2 2023) |
2003 | United States | Not disclosed | Professional networking, job searching | $15 billion (FY 2023) | |
X (formerly Twitter) | $2,006 billion | United States | $450 million | Short text posts, threads, heavy ad reliance | $4.5 billion (FY 2021) |