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Meta Platforms Net Worth

Meta Platforms Inc Net Worth

Country: Cambridge, Massachusetts, United States
Founded Year: 2004
Net Worth: $1.27 trillion
Business Type: Technology
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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)
Instagram 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)
LinkedIn 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)

 

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