Facebook now has more than 3-billion monthly users active across its suite of applications.
The company’s CEO Mark Zuckerberg revealed this in a call to analysts following the release of Facebook’s results for the first quarter of 2020.
“For the first time ever, there are now more than 3-billion people actively using Facebook, Instagram, WhatsApp, or Messenger each month,” Zuckerberg says.
On the Facebook app itself, monthly active users increased 10% from 2.38-billion in Q1 2019 to 2.6-billion in Q1 2020.
Daily active users averaged 1.73 billion in March 2020, an increase of 11% year-over-year.
Zuckerberg Prepares for the Future
Facebook managed to beat analyst estimates to post revenue of $17.74-billion and a net income of $4.9-billion in Q1 2020. Generating most of its revenue through online advertising.
Zuckerberg, however, says the company is expecting a “meaningful economic hit” in the oncoming months due to the unprecedented coronavirus pandemic is having on advertising.
“I remain very concerned that this health emergency and therefore the economic fallout will last longer than people are currently anticipating,” Zuckerberg explains.
The company’s advertising revenue remained flat for the first three weeks of April. According to analysts, this could be an indication of tough times ahead for online advertising.
Facebook and the Coronavirus
Facebook has been embroiled in a bitter war with false information about COVID-19 since the pandemic reached global proportions.
Around the middle of April, Facebook implemented new features around debunking myths that were being circulated on the platform. The company partnered with over 60 third-party fact-checking organisations worldwide, spanning across 50 languages. The programme has been growing, adding more partners and languages.
In Africa, Facebook launched COVID-19 info centres in 42 countries in an effort to keep users informed by providing the latest news and information from trusted health authorities as well as resources and tips to stay healthy and support their family and community.
Edited by Luis Monzon
Follow Luis Monzon on Twitter
Follow IT News Africa on Twitter