Facebook beats on earnings, now has 1.7 billion monthly users

Before you go, we thought you'd like these...
Facebook earnings on tap

Facebook handily beat analysts' earnings estimates during its most recent quarter, raking in $6.44 billion in revenue during the quarter that ended June 30.

During the same quarter last year, Facebook generated $4 billion in revenue. The company's net income for the quarter was $2 billion, compared to $719 million a year ago. This equals earnings of $0.71 per share, compared to $0.25 a year ago.

Facebook also broke records in usage metrics, again: The company had a whopping 1.71 billion monthly active users in June, compared to 1.49 billion monthly actives a year ago.

Facebook had 1.13 billion daily active users across desktop and mobile in June of 2016, compared to 968 million during the same month last year. Daily mobile users increased to 1.03 billion, up from 844 million last year.

Developing.

Discover Mark Zuckerberg's most inspiring quotes below:

16 PHOTOS
Mark Zuckerberg quotes
See Gallery
Mark Zuckerberg quotes

"In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks." 

Photo credit: Shutterstock

"People don't care about what you say, they care about what you build."

Photo credit: Getty

"You are better off trying something and having it not work and learning from that than not doing anything at all."

Photo credit: Getty

“In terms of doing work and in terms of learning and evolving as a person, you just grow more when you get more people’s perspectives.”

Photo credit: Getty

"People can be really smart or have skills that are directly applicable, but if they don't really believe in it, then they are not going to really work hard."

Photo credit: Getty

"Building a mission and building a business go hand-in-hand."

Photo credit: Getty

"We look for people who are passionate about something. In a way, it almost doesn't matter what you're passionate about."

Photo credit: Getty

"The question I ask myself like almost every day is, 'Am I doing the most important thing I could be doing?' ... Unless I feel like I'm working on the most important problem that I can help with, then I'm not going to feel good about how I'm spending my time.”

Photo credit: Getty

"Move fast and break things. Unless you are breaking stuff, you are not moving fast enough."

Photo credit: Getty

“People think innovation is just having a good idea but a lot of it is just moving quickly and trying a lot of things.”

Photo credit: Getty

"I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress."

Photo credit: Getty

"The question isn't, 'What do we want to know about people?', It's, 'What do people want to tell about themselves?'"

Photo credit: Getty

“So many businesses get worried about looking like they might make a mistake, they become afraid to take any risk. Companies are set up so that people judge each other on failure.”

Photo credit: Getty

“I would rather be in the cycle where people are underestimating us. It gives us latitude to go out and make big bets that excite and amaze people.”

Photo credit: Getty

"My goal was never to just create a company. A lot of people misinterpret that, as if I don't care about revenue or profit or any of those things. But what not being 'just' a company means to me is building something that actually makes a really big change in the world."

Photo credit: Getty 

of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

Read Full Story

People are Reading