Jump to content
Sign in to follow this  

[Slashdot] - Facebook Apps Now Used Monthly By More Than 3 Billion People

Recommended Posts

Facebook today reported earnings for its first fiscal quarter of 2020, including revenue of $17.74 billion, and net income of $4.9 billion, compared to revenue of $15.1 billion, and net income of $2.43 billion billion in Q1 2019. Year-over-year revenue is up 17%. From a report: In a call with analysts after the close of markets today, Facebook CEO Mark Zuckerberg said, "For the first time ever, there are now more than 3 billion people actively using Facebook, Instagram, WhatsApp, or Messenger each month." That's up from 2.99 billion people on March 31. Use of the main Facebook app grew 10% up from 2.38 billion in Q1 2019 to 2.6 billion. Daily active users are also up 11%. Facebook earnings beat analyst estimates that predicted Facebook would earn $17.5 billion in revenue and report earnings per share of $1.74. Alphabet, which also draws the majority of its revenue from advertising, also announced earnings above analysts estimates on Tuesday.

twitter_icon_large.png facebook_icon_large.png

Read more of this story at Slashdot.


View the full article

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...

Important Information

By using The Great Escaped Online Community, you agree to our Privacy Policy and Terms of Use