Facebook reports $7.1 billion in revenue, crosses 1B mobile only MAU in Q3, 2016

Facebook has announced financial results for Q3, 2016. The social network has reported revenue of $7.1 billion, up 56% YoY while net income was $2.4 billion.

Facebook revealed that it now has 1.79 billion monthly active users (up 16% YoY) and 1.66 billion mobile users (up 20% YoY). DAUs were 1.18 billion (up 17% YoY) while Mobile DAUs were 1.09 billion (up 22% YoY). The social network’s mobile advertising revenue represented approximately 84% of advertising revenue for the third quarter of 2016, up from approximately 78% of advertising revenue in the third quarter of 2015.

Mark Zuckerberg, Facebook founder and CEO said,

We had another good quarter. We’re making progress putting video first across our apps and executing our 10 year technology roadmap.

Source

Author: Sneha Bokil

Sneha Bokil is a tech enthusiast and is currently using Nexus 5X but she still treasures her Nokia N70 (M). You can follow her on Twitter @snehabokil and on Google+ View all posts by Sneha Bokil