Facebook profit jumps as user base nears 2 billion | business-news | Hindustan Times
Today in New Delhi, India
May 25, 2017-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Facebook profit jumps as user base nears 2 billion

Facebook today reported its quarterly profit jumped just over $ 3 billion as its ranks of monthly users closed in on two billion.

business Updated: May 04, 2017 11:20 IST
Facebook

A man is silhouetted against a video screen with a Facebook logo.(HT Archive)

Facebook today reported its quarterly profit jumped just over $ 3 billion as its ranks of monthly users closed in on two billion.

The leading social network said it made a profit of $3.06 billion on $ 7.86 billion in revenue in the first three months of this year, posting increased of 76% and 51% respectively when compared to the same period last year.

Meanwhile, the number of people using Facebook monthly increased 17% to 1.94 billion, according to the earnings report.