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
Press Trust of India
Press Trust of India
San Fransisco
Facebook,profits,user base
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.

First Published: May 04, 2017 11:16 IST