Facebook reports increase in revenue and new and active users

Posted 26 April 2018 11:49 CET by Jan Willem Aldershoff

The number of monthly active users on Facebook has increased to 2.2 billion the last quarter. The numbers don’t include the recent months in which the privacy scandals and calls to leave the social network happened.

Facebook saw the number of users increase with 3.3% compared to the previous quarter and 13% compared to last year. The social network is daily used by 1.45 billion users, 3.6% more than a quarter before and the company earned a revenue of $11.97 billion. An 49% increase compared to last year. The net-profit was $4.99 billion, according to the latest quarterly report (PDF) published by the company.

The recent weeks, Facebook was in the news a lot because of several privacy scandals. Data company Cambridge Analytics was found to have collected user data of millions of users through a Facebook app. The data was abused to create psychological profiles of voters, which were used to run highly targeted political advertisements. Facebook was also found to have collected extensive mobile usage data of Android users. CEO Mark Zuckerberg testified in Congress about the privacy worries.

The scandals happened after the now published quarterly report. If there are any, then possible effects of the scandals, and calls to leave the social network, should show in the next quarterly report.


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