Facebook beats on earnings, now has 1.7 billion monthly users

Janko Roettgers
Facebook earnings on tap
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.

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