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September 17, 2021
News

Facebook’s mobile business is bigger than ever

One billion “mobile only” monthly active users for the first time, which means those billion-plus users never, visited Facebook on any device other than a phone.

Facebook once again beat expectations and the company shared a number of impressive stats about its still-climbing engagement. The social network reported more than 1.18 billion daily active users (1.09 of which are on mobile) and 1.79 billion monthly active users.

The strategy has not only brought in huge numbers of new users, it’s making them more money than ever. The vast majority of the company’s ad revenue now comes from mobile ads as well.

This will see Facebook as one of the most visited social media site in 2016.

Facebook reported a profit of $1.09 per share on $7.01 billion in total revenue for the quarter and are adamant to make a comeback after a drop in their shares.

Read More: Mashable

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