Facebook’s multi user base now larger than China’s population

Facebook’s multi user base now larger than China’s population

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.

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