Users continue to generate billions of dollars for Facebook

Users continue to generate billions of dollars for Facebook

The largest social network in the world has a total of $1.71 billion monthly active users, who help Facebook's revenue to continue growing over the same period in 2015.

The number of mobile users is $1.57 billion, up 20% over last year. On average, every day, about $1.13 billion people use Facebook.

According to the announced financial report of the second quarter, this social networking grossed $6.4 billion, up from $4 billion in the same period last year. Profit rose nearly 3 times to $2.06 billion, mainly due to advertising on mobile devices.

Not only the user, also the money they earn per person increases. On average, Facebook earned $3.82 per person in the last quarter, up from $2.76 last year. Gains mainly came from America.

Following this news, shares of Facebook yesterday have already been on record, in the session continue to increase 5% again.

Recently, Facebook constantly invests in new technologies, such as virtual reality (VR), messages, device and video streamed live. Time using Instagram is also longer, and Messenger chat application also has rolled one billion users per month.

Thus, Facebook currently has 4 products having one more billion users. They are Messenger, WhatsApp, Groups, and Facebook. Instagram last month hit 500 million users and is expected to bring about $1.5 billion in advertising revenue in mobile this year, according to eMarketer research.

Tonny Le

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