By NewsGram Staff Writer

Facebook declared its first quarter revenue on Wednesday that signaled a strong user growth. In fact, the multi user base of the social media giant is now larger than China's population.

The giant also reported its revenue of $3.54 billion on non-GAAP earnings per share (EPS) of $0.42. However, the figures did not meet the expectations of analysts who anticipated report earnings of 40 cents per share on $3.56 billion in revenue.

Just after the release of its fiscal first-quarter earnings, Facebook's shares dipped down about 1.5%.

The first quarter operational highlights showed:

· Daily active users (DAU) were 936 million on average for March 2015, an increase of 17% year-over-year.

· Mobile DAUs were 798 million on average for March 2015, an increase of 31% year-over-year.

· Monthly active users (MAUs) were 1.44 billion as of March 31, 2015, an increase of 13% year-over-year.

· Mobile MAUs were 1.25 billion as of March 31, 2015, an increase of 24% year-over-year.

It was also declared the mobile ad sales shoot up Facebook's performance. The firm reported that mobile ad sales were 73% of the total revenue, which is up from 59% of previous year figures.