Facebook’s India revenues top $1 billion
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Facebook’s India revenues top $1 billion
Pankaj Doval / TNN / Updated: Jul 30, 2021, 10:19 IST
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NEW DELHI: The Mark Zuckerberg-led Facebook Group has hit a billion dollars in revenues in India, boosted by strong digital surge during corona lockdown and growth of social media platforms such as Facebook and Instagram over the past few years.
It is estimated that Facebook Group’s India revenues stood at more than Rs 9,000 crore (around $1.2 billion) in 2020-21, against Rs 6,613 crore in the previous fiscal. The actual figures could not be confirmed as they are yet to be filed with the Registrar of Companies. The Facebook Group had revenues of Rs 2,254 crore in 2018-19 (numbers captured FB India’s revenues only for the second half as before that it was recorded under international operations).