Facebook Crosses One Billion Monthly Active Mobile Users :- The social media giant, Facebook recently revealed its third quarter returns and with no surprise, it crossed the expected revenue and income. The revenue of the Facebook at the end of the day is estimated around Rs. 46,699 crores. Meanwhile, at the end of the day, the company revenue’s is around $7.01 billion in revenue along with $1.09 EPS (Earnings Per Share).
Although, the investors of the company are quite disappointed with the fall in the share of the company. The stats shows that even there is the increase in the monthly Active Mobile Users. According to the reports, the Facebook has 1.79 billion monthly users in its network which is 16 percent greater than last year and 4.67 percent this quarter.
The company claims that the daily active users have also increased up to 1.18 Billion from 1.13 Billion last quarter and with every new year Facebook has raised up to 17 percent, which is a considerable amount of growth for any company.
Mark Zuckerberg’s Facebook has burned all the stats that were claimed by the analyists and achieve a tremendous success over the years. Although, with the ad load hitting the maximum, the revenue growth has reduced.
The CEO and the founder of Facebook, Mark Zuckerberg said that ” We had another good quarter. We are making progress putting video first across our apps and executing our 10-year technology roadmap.”
On the other side, investors are quite disappointed with the fall in the price of the shares of the company which has come down and even after the publication of the earnings report, the price of the share has fallen down by more than 2.7 percent.
Last year, Facebook revenue grew by 59 percent and this year it grew by just 56 percent. However, despite this, the mobile users of the Facebook keep increasing and also, it is very first time in history that the company has hit the more than one billion Active Mobile Users per month.
Meanwhile, the investors need to maintain the patience as they must trust the potential of the Mark Zuckerberg and his facebook.