“And that’s what we care about.”Īcross properties, Facebook currently counts 3.45 billion monthly users, up from 3.30 billion in the previous quarter. “If we become the best place for creators to make a living that’s going to mean that there’s better content across the services and better opportunities for community building and engaging people,” Zuckerberg noted. The hope, he noted, is that by giving Instagram content creators more avenues to bring revenue, Facebook will draw an ever-increasing number of influencers to the Instagram platform.
Daily active users facebook upgrade#
“Commerce have been growing in our services for a while, but it has become a lot more important as the pandemic has accelerated a broader shift towards businesses moving online,” Zuckerberg said in his call with investors, noting that Facebook Marketplace claims 1 billion active users and highlighting its ongoing efforts to upgrade Instagram tools to give content creators more options for leveraging the service to make money. That big revenue bump, according to Facebook, came care of a 30 percent year-on-year increase in ad revenue Facebook enjoyed during the first quarter of 2020 A trend Facebook warned investors would likely ease off as 2021 progresses, as the social media giant told investors its expectations that revenue growth to remain stable or accelerate modestly in the second quarter before more notably declining in, in the third and fourth quarters to significantly particularly when stacked up against the high growth periods of Q3 and Q4 2020.įacebook CEO Mark Zuckerberg also spent some time lauding Facebook, Instagram and WhatsApp Efforts building out their eCommerce offerings footprints over the last year. Revenue for the quarter came in at $26.17 billion for the quarter, up 48 percent year on year, while net income picked up 94 percent to $9.5 billion, from $4.9 billion this time last year.
Facebook managed to come out ahead of analyst predictions for both earnings and revenue performance when it reported its first-quarter results for 2021 on Wednesday (April 28), pushing its stock price upwards in after-hours trading even as it warned investors to brace for the uncertainty ahead.
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