Facebook Reports $5.84 Billion Revenue and 1.59 Billion Monthly Active Users

Facebook keeps growing with an extremely successful fourth quarter. The company reported during its Q4 earnings calltoday, that it had a revenue of $5.84 billion and had about 1.59 billion monthly active users in the last quarter alone.

The company had 1.55 billion active users in the Q3, so it looks like a decent increase over the previous quarter, and an amazing 14 percent increase over this time a year ago. It also had an incredible 52 percent expansion year-over-year, making a $5.84 billion revenue last quarter. Taken all in all, that implies Facebook had an income of $17.93 billion in 2015, which is a 44 percent expansion from 2014.

It saw an increase in its stripped-down app Facebook Lite for the developing world’s slow connections as well, 80 million people use Facebook Lite now, up from 50 million at the end of Q3.

In the case of Events, 500 million users are on the feature, up from 450 million in July, and they created 123 million events in 2015.

That’s not all. It has 2.5 million advertisers and 50 million small businesses on Pages at present, up from 45 million last quarter.

Facebook’s CEO Mark Zuckerberg explained that 100 million hours of video are viewed on the platform every day. He also said the company is exploring “ways to give people a dedicated place on Facebook when they just want to watch videos,” what could probably be a direct rival to YouTube.

It won’t be surprising because the company has already made a big investment to improve its video experience, including 360-degree videos and a pop-up player, as well as an overall emphasis on improving the mobile video experience.

Undoubtedly, Facebook is now stronger than ever, and its progress is apparently unstoppable.

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