By Adam Fraser
Another quarter, yet another powerful set of results from the world’s biggest social network. This blog post intro writes itself each quarter such is the consistency of performance!
If you want to dive into detail, you can find the detailed financials, investor presentation and management conference call. For those without the time to digest all of this, here are 10 key soundbites from the results:
- Monthly active users have reached 1.78bn from 1.71bn last quarter (4.4% growth) and 1.54bn a year earlier (15.7% growth)
- Daily active users hit 1.18bn from 1.13bn last quarter (4.5% growth) and 1.00bn a year earlier (17.1% growth)
- Almost 93% of MAUs and DAUs accessed Facebook via a mobile appliance with 59% of MAUs exclusively using a mobile
- Mobile DAUs approached the 1.1bn level and Instagram has over 500m monthly users (noting 100m per day are now using Instagram stories)
- On the investor call Mark Zuckerberg confirmed Facebook’s internet.org project has now connected 40m people to the internet, up from 15m people a year ago
- Total revenue was $7.0bn (exceeding market expectations) versus $6.4bn in Q2 (8.9% increase) and $4.5bn a year earlier (55% growth) – generating a net profit of $2.4bn
- Facebook has reasonably balanced global spread with around 50% of revenue coming from USA and Canada
- Average revenue per user exceeded $4 for the first time, up from $3.82 last quarter and $2.97 a year ago
- Facebook ended the quarter with a cool $26bn in cash – enough to buy Twitter twice
- Some interesting random stats: the Olympics drove 1.5bn interactions across the network, there are now over 30,000 messenger bots plugged into the Facebook Messenger API, Instagram has over 500,000 active advertisers and Facebook Workplace is being used by over 1,000 organisations
“We had another good quarter,” said Mark Zuckerberg, Facebook founder and CEO. “We’re making progress putting video first across our apps and executing our 10 year technology roadmap.”
Another sensational set of quarterly results.