Category Archives: Companies Profitability

Discover if the world’s largest companies in the world are profitable or not.

Is TikTok Profitable?

Is TikTok Profitable?

Is TikTok profitable? Recent reports suggest that ByteDance, which owns TikTok, generated a net profit of $3 billion in 2022. While determining the amount of profit TikTok generated individually may be impossible, the fast-evolving company nearly tripled its revenue to $17 billion in 2019 from $7.4 billion in 2018.  The report also revealed that TikTok’s […]

Is Instacart Profitable?

Is Instacart Profitable?

Is Instacart Profitable? Despite initial years of unprofitability, Instacart achieved its first profitable month in April 2020 during the coronavirus pandemic (eventually raking in $50 million in profit that year). While the company is somewhat secretive concerning its profits, it did report a positive net income of over $100 in the fourth quarter of 2022, […]

Is WeWork Profitable?

Is WeWork Profitable?

Is WeWork profitable? As of September 2021, WeWork was not profitable. The firm has faced significant financial challenges, including large losses and a failed initial public offering (IPO) attempt in 2019. In 2020, WeWork experienced a decline in revenue following the COVID-19 pandemic. This was because many businesses shifted to remote work arrangements. And that […]

Is Facebook Profitable?

Is Facebook Profitable?

Yes, Facebook is profitable. In 2022, Facebook reported a net profit of $23.1 billion. While this is a massive decline from the $39.3 billion profit made in 2021, it is still a significant amount of money. This decline in 2022 accounts for Facebook’s biggest net loss since 2012. In 2020, Facebook recorded a net income […]

Is Disney Profitable?

Is Disney Profitable?

Is Disney profitable? Disney is a successful and profit-making company. While announcing the company’s first earnings in December 2022 since he returned as the CEO, Bob Iger announced that the operating profit at Disney Products, Experiences, and Parks was $3 billion. This was a 25% increase from the previous year.  Bob also revealed that quarterly […]

Is Costco Profitable?

Is Costco Profitable?

Is Costco Profitable? The company’s twelve-month profit for the quarter that ended on February 28, 2023, was $28.285 billion, a 6.33% rise year-over-year. In 2022, the company made an annual gross profit of $27.572 billion, or a 9.22% increase from the previous year. In 2021, Costco’s gross profit was $25.24 billion, a 15.69% increase from […]

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