Facebook Announces Q1 2017 Report with 49% Increase in Revenue

When all big companies are announcing their quarterly reports, Facebook also jumped into the race. Now, Facebook Announces Q1 2017 Report with 49% Increase in Revenue. Facebook now has 1.9 billion monthly active users which give a tough competition to its rivals.

Facebook Announces Q1 2017 Report with 49% Increase in Revenue

Along with Facebook, Mark Zuckerberg also announced the monthly active users of its other apps. According to which WhatsApp has 1.2 Billion active users. Other than WhatsApp, Messenger has also 1.2 Billion monthly active users. As earlier, Facebook has also announced that its Instagram app has 700 Million active users. In a very short interval of time, four months, Instagram achieved this milestone.

Also See: Instagram Reaches 700 Million Monthly Active Users

Facebook CEO, Mark Zuckerberg said in a post:

Our next focus is building community. More than 100 million people on Facebook are members of “very meaningful” groups — like parent support groups or illness support groups that are an important part of their lives. My hope is to help more than 1 billion people join very meaningful groups to strengthen our social fabric over the next few years.

Other than increase in the number of users, Facebook also showed increase in its revenue. Here are some key points of Facebook 1st quarterly report of 2017.

  • EPS (GAAP): $1.04 vs. $0.87 expected, up 73% from the year-ago period.
  • Revenue: $8.03 billion vs. $7.83 billion expected, up 49% from the year-ago period.
  • Monthly active users: 1.94 billion, up from 1.86 billion last quarter.
  • Daily active users: 1.28 billion, up from 1.23 billion last quarter.

Facebook Announces Q1 2017 Report with 49% Increase in Revenue

According to Facebook, government requests for user account data rose by nine percent in the second half of 2016 as compared to the first half of 2016. No doubt, Pakistan Govt Requests to Facebook for User Data Rise Sharply. Moreover, the  total requests for the period July 2016 to December 2016 increases more than 40 percent as compared to the previous six months.

For More Details Also Read: Pakistan Govt Requests to Facebook for User Data Rise Sharply

Onsa Mustafa

Onsa is a Software Engineer and a tech blogger focuses on providing the latest information regarding the innovations happening in the IT world. She likes reading, photography, travelling and exploring nature.
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