Facebook Inc, the parent company of Facebook and WhatsApp said its net income for the first quarter of the year rose to USD3 billion.
Mark Zuckerberg, CEO of the group said:
“We had a good second quarter and first half of the year.”
He added that “Our community is now two billion people and we’re focusing on bringing the world closer together.”
See below highlights of the results:
- Daily active users (DAUs) – DAUs were 1.32 billion on average for June 2017, an increase of 17% year-over-year.
- Monthly active users (MAUs) – MAUs were 2.01 billion as of June 30, 2017, an increase of 17% year-over-year.
- Mobile advertising revenue – Mobile advertising revenue represented approximately 87% of advertising revenue for the second quarter of 2017, up from approximately 84% of advertising revenue in the second quarter of 2016.
- Capital expenditures – Capital expenditures for the second quarter of 2017 were $1.44 billion.
- Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $35.45 billion at the end of the second quarter of 2017.
- Headcount – Headcount was 20,658 as of June 30, 2017, an increase of 43% year-over-year.
