Facebook doubles profits between January and March and reaches 9.497 billion dollars.
Facebook doubles profits to 9,497 million dollars
Facebook announced Wednesday earnings between January and March 2021 of 9,497 million dollars, almost double the 4,902 million earned in the same period of the previous fiscal year, thanks to the pandemic boost in online advertising.
The company led by Mark Zuckerberg billed $26.171 billion in the first three months of its fiscal year, up 48% from the $17.737 billion earned in the corresponding tranche of 2020, and the company’s shareholders pocketed $3.30 per share, up from $1.71 a year ago.
In addition, monthly active users – those who log on to the social network at least once a month – grew by 10% year-on-year to 2.85 billion people, more than a third of the world’s population.
The number of daily active users – those who log on to Facebook at least once a day – rose 8% to 1.88 billion people.
