Facebook reports strong Q4 and 2020 top and bottom line growth

Facebook reported its fourth quarter and full year earnings numbers today. The controversial social networking site reported advertising revenue of $27.19 billion for the fourth quarter running from October through December. That resulted in a 31% year-over-year gain from the $20.74 billion in advertising revenue that the company earned during last year’s fourth quarter. For all of 2020, Facebook grossed $84.17 billion, up 21% from 2019’s total of $69.66 billion.
During the fourth quarter, Facebook garnered a total of $28.07 billion compared to the $21.08 billion it …
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