FAANGs cut ad budgets as collective wealth nears $1trn

An overview of FAANG (Facebook, Amazon, Apple, Netflix, and Google) advertising spend and revenue in 2020.

The FAANG group of companies saw their collective revenue reach nearly $1trn in 2020 at the same time as they cut their advertising spend by 4.3%, according to a WARC Data analysis of company reports.

The group earned $954bn in 2020, a year-on-year in

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