The care coordination and communication platform guides patients through their healthcare journeyRead more...
The company now has 1.09 billion daily users, and 1.65 billion monthly active users
Shares of Facebook are up 7 percent in after-hours trading, after the company posted first-quarter results that handily beat Wall Street expectations on Wednesday.
Facebook saw revenue of $5.38 billion for the quarter, beating Wall Street's estimates of $5.26 billion by 2.2 percent. Adjusted earnings per share came in at 77 cents in the quarter, 24 percent higher than the 62 cents a share that analysts had been expecting.
The company had seen modest gains during regular trading, with its stock going up 0.12 percent, or $0.13, to $108.89 a share.
"We had a great start to the year," said Mark Zuckerberg, Facebook founder and CEO, said in a statement. "We're focused on our 10 year roadmap to give everyone in the world the power to share anything they want with anyone."
Advertising revenue was $5.2 billion for the quarter, an increase of 57 percent year-to-year. 82 percent of that came from mobile, up from 73 percent in the first quarter of 2015. Revenue from payments and fees for the quarter was $181 million, a 20 percent decrease year-to-year.
GAAP net income was $1.5 billion, while non-GAAP net income for the quarter was $2.2 billion.
Daily active users (DAUs) were 1.09 billion on average, an increase of 16 percent year-over-year, while mobile DAUs were 989 million on average, an increase of 24 percent.
Monthly active users (MAUs) were 1.65 billion on average, an increase of 15 percent year-over-year, while mobile MAUs were 1.51 billion on average, an increase of 21 percent.
(Image source: benzinga.com)
Support VatorNews by Donating
Read more from our "Trends and news" series
A number of 2021 healthtech companies are trading below their IPO price, with reduced market capsRead more...
The company raised $100 million in the initial Series C tranch in AprilRead more...