5 ms·

Meta is a couple of times larger than the entire entertainment industry combined...

• hobs 2y ago
  I think its reversed, and that's just the USA - The U.S. Media and Entertainment (M&E) industry is the largest in the world at $649 billion (of the $2.8 trillion global market) and is projected to grow to $808 billion by 2028 at an average yearly rate of 4.3% (PwC 2024). https://www.trade.gov/media-entertainment https://www.trade.gov/media-entertainment Meta Platforms, formerly known as Facebook Inc., continues to dominate the digital landscape with impressive financial growth. In 2024, the company's annual revenue reached a staggering 164.5 billion U.S. dollars, marking a significant increase from 134.9 billion U.S. dollars in the previous year. This upward trajectory reflects Meta's ability to monetize its vast user base across multiple platforms, solidifying its position as a tech giant. https://www.statista.com/statistics/268604/annual-revenue-of-facebook/ https://www.statista.com/statistics/268604/annual-revenue-of...
  • jpalawaga 2y ago
    I think the first statement is reporting on market cap and the second statement is reporting on revenue. If you look at UMG's revenue, one of the largest labels, their revenue was 11B.
  • amanaplanacanal 2y ago
    Meta's market cap is over $1.7 trillion. Over twice as large as the whole media and entertainment industry.
    • Scoring6931 2y ago
      Market cap is not cash in the bank.
      • odo1242 2y ago
        Point being: Meta’s market cap is higher than that of the US entertainment industry Meta’s revenue is also higher than that of the US entertainment industry The parent of the comment you’re replying to conflated the two