Facebook unveils Q2 earnings report as social network hits 2bn users

By Callum Rivett
Social media is a staple of everyday life, and recent statistics from WhatsApp and Facebook in their quarter two earnings report further emphasise that...

Social media is a staple of everyday life, and recent statistics from WhatsApp and Facebook in their quarter two earnings report further emphasise that, with around two billion people using Mark Zuckerberg's platform alone.

WhatsApp announced that it has one billion daily active users, but this figure rises to 1.3bn when the date range is expanded to one month. 

This shows just why Zuckerberg was willing to shell out $19bn in 2014 for the messaging app, two years after the $1bn purchase of Instagram.

Around 55 billion messages are sent on the chat platform every single day, whilst the new Status feature - similar to Snapchat and Instagram Stories - now has around 250mn daily active users, despite little fanfare.

WhatsApp Status

This is, however, more users than what rival Snapchat currently boasts - Evan Spiegel's photo networking holds 166mn daily users but the company also announced net losses of $2.2bn in its first quarter earnings report in May.

Stock prices plummeted as Zuckerberg continues his mission to clone Snap's features after his offer to buy the company was turned down in 2013.

RELATED STORIES

Meanwhile, Zuckerberg's other social network Facebook recently hit two billion users - an average of 580,000 a day since hitting one billion in October 2012.

Facebook's earnings beat estimates and hit $9.32bn, despite slower growth due to Facebook's warning that it was running out of space in the news feed to show advertisements.

Profits for Q2 reached $3.894 billion and that means that for the first time in history, Facebook made more profit than Google, helped by the European Union fining the latter $2.7bn under its anti-trust guidelines.

Users grew by 3.4% when compared with last quarter's statistics, whilst overall growth is 17% year-on-year, which prompted a post from Zuckerberg saying: "We're making progress connecting the world, and now let's bring the world closer together."

WhatsApp statistics

 

 

Share

Featured Articles

How Dell is Doubling Down on AI After 40 Years of Innovation

Founded 40 years ago, Dell Technologies is launching AI-powered hardware and forging partnerships to drive responsible AI adoption across industries

Zoom Leads with Post-Quantum Encryption Amid Quantum Threat

Zoom's pioneering move to implement post-quantum encryption highlights the urgency for businesses to fortify defences against the coming quantum threat

NTT Brings AI and Data Innovation to the Indianapolis 500

NTT is harnessing cutting-edge technologies like AI and data analytics to revolutionise how the Indianapolis 500 race is competed and experienced by fans

Salesforce & IBM Partnership to Drive AI, Data Deployment

AI & Machine Learning

FC Barcelona & Fortinet: Cybersecurity Takes Centre Stage

Cloud & Cybersecurity

Google Cloud Generative AI Ops Drives Enterprise AI Adoption

AI & Machine Learning