Facebook keeps growing, and growing, and growing. The social media giant has released new stats that show just how big it has become. Take a look at the numbers and see why Facebook is going to be a difficult company for everyone to compete with.
Facebook now has over 1.55 billion users. The company’s monthly user count was up to 4.02% quarter over quarter since Q2, which is evidence that the company is still finding new users in the developing world. While many people measure success in monthly active users, it’s actually more relevant to look at Facebook’s daily active user rate. The company is seeing 1.01 billion daily active users. That’s an incredible number. They are also seeing that 65% of their monthly active users come to Facebook every single day. Many of these visits are happening on mobile where the company has logged 1.39 billion mobile monthly users. Surprisingly, Facebook even managed to add 4 million new users in its core American and Canadian markets. This growth indicates that Facebook is still at the top of its game.
So how much is the company making off of all of these users? The Q3 estimate for revenue is $4.5 billion, which is huge. However, when it comes to actual profit, the number is closer to $896 million. This is still an impressive number considering the amount of research and development that Facebook is pouring into artificial intelligence in the lead up to its new personal assistant service named ‘M’. Facebook has seen a slight decline in revenue from their gaming platform as more people switch to mobile games, but the hit is not enough to be a significant factor in the company’s earnings.
Facebook isn’t going anywhere anytime soon. The company is bigger than ever and shows no signs of slowing down.
Read the full article here: Facebook Speeds Past 1.55 Billion Users And Q3 Estimates With $4.5B Revenue