Facebook reports strong Q4 and 2020 top and bottom line growth

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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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