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Facebook revenue doubles as 1.18bn use site every day

By Martyn Landi

Published 04/11/2016

Founder: Mark Zuckerberg
Founder: Mark Zuckerberg

Facebook out-performed analyst predictions as the social network reported more than $7bn (£5.7bn) in revenue in its quarterly financial results.

That figure was up 56% on the same period last year and higher than the $6.92bn (£5.6bn) predicted by analysts.

The Mark Zuckerberg-founded website also saw net income rise from $896m (£728m) in 2015 to some $2.4bn (£1.9bn) in the last quarter.

The total number of people using Facebook also continues to rise, with monthly active users of the site climbing 16% on last year to 1.79 billion, with 1.18 billion visiting the social network daily. Use of the site's mobile apps was up too.

Belfast Telegraph

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