Facebook saw record surge in usage, revenue in 2020 but 2021 poses significant uncertainty

by Jeremy
The giant released its earnings for the December quarter on Thursday.

Facebook usage: The usage of Facebook increased significantly by the end of 2020 compared to where it had been when 2020 had begun, and its revenue also saw a surge during the year. For the social media giant, the year was thriving even as the coronavirus pandemic wreaked havoc everywhere else. The giant released its earnings for the December quarter on Thursday. It stated that Facebook earned over $28 billion during the quarter, increasing from more than $21 billion in the same quarter in 2019, accounting for an increase of 33%. In the quarter ended December 2020, Facebook earned nearly $86 billion, increasing 22% compared to the previous year, 2019.

Facebook saw record surge in usage, revenue in 2020 but 2021 poses significant uncertainty

Moreover, the daily active users of Facebook were recorded at an average of 1.84 billion for December in 2020, witnessing a year-on-year increase of 11%, while the monthly active users were 2.8 billion as of December 31, 2020, accounting for a rise of 12% year-on-year. Apart from this, across Facebook’s family of apps, i.e., Facebook, Instagram, and WhatsApp, the daily active users in December 2020 were 2.6 billion on an average, which marked an increase of 15% compared to 2019. Across this family of apps, the monthly active users were recorded at 3.3 billion as of December 31, 2020, witnessing a year-on-year increase of 14%.

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