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It was business as usual for Facebook in the unusual year of 2020, as the company posted strong fourth-quarter and full-year gains in revenue, while its user base continued to grow by double-digit percentages.
Facebook reported fourth-quarter revenue of $28.07 billion, up 33% from the same quarter a year ago, and total 2020 revenue of $85.97 billion, up 22% from 2019.
“Facebook’s strong quarterly results weren’t surprising,” eMarketer principal analyst Debra Aho Williamson said in an email.