You are here: Home » Technology » News
Business Standard

Facebook's monthly user base reaches 2.85 billion amid record sales

This shows an increase of 10 per cent (year-over-year)

Topics
Facebook | Social Media | Social media apps

IANS  |  San Francisco 

Photo: Reuters
Photo: Reuters

now has 2.85 monthly active users (MAUs), an increase of 10 per cent (year-over-year) while its daily active user base has reached 1.88 billion on average, an increase of 8 per cent.

The social network beat expectations and posted a record revenue of $26.1 billion in the first quarter, 48 per cent more than the same period last year.

It reported net income of $9.5 billion, nearly double the income of $4.9 billion in the first quarter of 2020.

"We had a strong quarter as we helped people stay connected and businesses grow," said CEO Mark Zuckerberg.

"We will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy," he said in a statement on Wednesday.

shares jumped 7 per cent in extended trading and closed up 1.2 per cent.

The company said that its family daily active people (DAP) was 2.72 billion on average for March 2021, an increase of 15 per cent year-over-year while

family monthly active people (MAP) was 3.45 billion.

The company currently employs 60,654 people, an increase of 26 per cent year-over-year.

"We are pleased with the strength of our advertising revenue growth in the first quarter of 2021, which was driven by a 30% year-over-year increase in the average price per ad and a 12% increase in the number of ads delivered," the company said.

The company said that it expects second quarter 2021 (year-over-year) total revenue growth to remain stable or modestly accelerate relative to the growth rate in the first quarter of 2021 as "we lap slower growth related to the pandemic during the second quarter of 2020".

"We expect 2021 total expenses to be in the range of $70-73 billion, updated from our prior outlook of $68-73 billion," Facebook said.

--IANS

na/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, April 29 2021. 13:54 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU