Facebook Reaches 1 Billion Monthly Mobile Users
In Facebook’s latest earning release we are given further insight into how the world’s largest social network is growing.
Firstly, Facebook’s financial results for the quarter was US $2.5 billion in revenue and US $642 million net profit.
In a first for the company – active monthly mobile users reached 1 Billion.
Commentary from Facebook:
- Daily active users (DAUs) were 802 million on average for March 2014, an increase of 21% year-over-year.
- Mobile DAUs were 609 million on average for March 2014, an increase of 43% year-over-year.
- Monthly active users (MAUs) were 1.28 billion as of March 31, 2014, an increase of 15% year-over-year.
- Mobile MAUs were 1.01 billion as of March 31, 2014, an increase of 34% year-over-year.
“Facebook’s business is strong and growing, and this quarter was a great start to 2014,” said Mark Zuckerberg, Facebook founder and CEO. “We’ve made some long term bets on the future while staying focused on executing and improving our core products and business. We’re in great position to continue making progress towards our mission.”