Analysis of Reportable Segments
Meta Platforms Inc. operates in 2 segments: Family of Apps (FoA) and Reality Labs (RL).
Segment Profit Margin
Meta Platforms Inc., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Family of Apps (FoA) | 47.27% | 37.27% | 49.24% | 46.32% | 40.58% |
| Reality Labs (RL) | -850.21% | -635.34% | -448.24% | -581.47% | -898.80% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Family of Apps (FoA) | Family of Apps (FoA) segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Reality Labs (RL) | Reality Labs (RL) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Family of Apps (FoA)
Meta Platforms Inc.; Family of Apps (FoA); segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from operations | 62,871) | 42,661) | 56,946) | 39,294) | 28,489) |
| Revenue | 133,006) | 114,450) | 115,655) | 84,826) | 70,196) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 47.27% | 37.27% | 49.24% | 46.32% | 40.58% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) from operations ÷ Revenue
= 100 × 62,871 ÷ 133,006 = 47.27%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Family of Apps (FoA) | Family of Apps (FoA) segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Profit Margin: Reality Labs (RL)
Meta Platforms Inc.; Reality Labs (RL); segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from operations | (16,120) | (13,717) | (10,193) | (6,623) | (4,503) |
| Revenue | 1,896) | 2,159) | 2,274) | 1,139) | 501) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -850.21% | -635.34% | -448.24% | -581.47% | -898.80% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) from operations ÷ Revenue
= 100 × -16,120 ÷ 1,896 = -850.21%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Reality Labs (RL) | Reality Labs (RL) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenue
Meta Platforms Inc., revenue by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Family of Apps (FoA) | 133,006) | 114,450) | 115,655) | 84,826) | 70,196) |
| Reality Labs (RL) | 1,896) | 2,159) | 2,274) | 1,139) | 501) |
| Total | 134,902) | 116,609) | 117,929) | 85,965) | 70,697) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Income (loss) from operations
Meta Platforms Inc., income (loss) from operations by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Family of Apps (FoA) | 62,871) | 42,661) | 56,946) | 39,294) | 28,489) |
| Reality Labs (RL) | (16,120) | (13,717) | (10,193) | (6,623) | (4,503) |
| Total | 46,751) | 28,944) | 46,753) | 32,671) | 23,986) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).