Facebook has silenced cynics of its continuing success with the release of the company’s Q1 results. The social media platform has exceeded estimates of its earnings in this period, after reaching $US5.38 billion in revenue and 1.65 billion monthly users. This is a 52 per cent revenue increase year-on-year, with income increasing 195 per cent to $US1.5 billion.
User growth followed suit – monthly active users increased by 15 per cent year-on-year, with daily users increasing 16 per cent to 1.09 billion. Advertising revenue reached $US5.2 billion at an increase of 57 per cent year-on-year.
In a display of rising mobile interest – mobile users grew by 24 per cent year-on-year to 989 million daily active users. Monthly active users reached 1.51 billion – a 21 per cent increase.
Facebook founder and CEO Mark Zuckerberg published the news via the platform, which is reflective of the site’s developments: “Our community now has 1.65 billion people. In the last few months, we launched Reactions, rolled out Live video, built Messenger into a platform, shipped Oculus Rift and have now connected 25 million people to the internet. We've also worked day after day on lots of small improvements to make your experience better. We're focused on our 10-year roadmap to give everyone in the world the power to share anything they want with anyone."
