TalentZoo.com |  Beyond Madison Avenue |  Flack Me |  Beneath the Brand Archives  |  Categories
A Quarter of the World’s Population Now Uses Facebook Every Month
By: The Verge
Bookmark and Share Subscribe to the Digital Pivot RSS Feed Share
Facebook reported its first quarter earnings today. The company brought in just over $8 billion in revenue, a jump of 49 percent since the first quarter of 2016. That gave it a net profit of just over $3 billion, up a whopping 76 percent over the same period last year.

The company now has 1.94 billion monthly active users, up 17 percent from the first quarter of 2016. (Currently, the world population is estimated at 7.5 billion.) It didn’t bother to break out mobile users into a separate category, as it has in the past, a sign that mobile is now the default mode for engaging with Facebook.

Overall, these are stellar but predictable results, a continuation of the momentum the company has displayed over the last year and half. The one quote from CEO Mark Zuckerberg to investors sums up perfectly what a snooze the earnings are. “We had a good start to 2017," he intoned. "We're continuing to build tools to support a strong global community."


Bookmark and Share Subscribe to the Digital Pivot RSS Feed Share
blog comments powered by Disqus
About the Author
This article was published on The Verge. A link to the original article can be found after the post.
Digital Pivot on

Advertise on Digital Pivot
Return to Top