You are using an older browser version. Please use a supported version for the best MSN experience.

There's still no stopping Facebook

Engadget Engadget 27/04/2016 Devindra Hardawar
© Provided by Engadget

Amid a surprisingly rocky week for technology companies (in particular, Apple's revelation that iPhone sales are finally slowing down), it's all sunshine and growing metrics for Facebook. Its revenues for the first quarter reached $5.4 billion, up 57 percent from last year when it was just $3.3 billion. That's about 10 percent higher than most Wall Street estimates.

And after reaching the billion count for most of its users metrics, Facebook is getting even closer to breaking that figure for monthly daily users, which clocked in at 989 million (a 24 percent bump from last year). Indeed, mobile continues to be Facebook's biggest area of growth -- it also saw a 21 percent jump in people using the service monthly, reaching 1.51 billion.

When it comes to users across all platforms, there was a 16 percent increase of people coming in daily (now 1.09 billion) and a 15 percent jump in monthly users (1.65 billion). The big takeaway? It's basically what we said during the company's last quarter: Facebook's growth appears to be unstoppable.

All of the additional revenue and users made for a whopping 87 percent jump in profit, going from $1.2 billion last year to $2.2 billion.



More from Engadget

image beaconimage beaconimage beacon