Facebook ’s first-quarter net profit increased by 101.6% year-on-year to US $ 4.9 billion

Facebook announced the financial results for the first quarter of the fiscal year 2020 as of March 31. The financial report shows that Facebook's first-quarter revenue was 17.74 billion US dollars, an increase of 18% compared with 15.08 billion US dollars in the same period last year. Net profit was 4.9 billion US dollars, an increase of 101.6% compared with 2.43 billion US dollars in the same period last year.
Earnings per share were 1.71 US dollars, an increase of 101.2% compared with 0.85 US dollars last year. In terms of revenue composition, Facebook’s revenue from advertising in the first quarter was US $ 17.440 billion, an increase of 17% from US $ 14.912 billion in the same period last year. Facebook’s first-quarter revenue from payment and other service fees was the US $ 297 million, compared with the same period last year of US $ 165 million increased by 80%. Facebook's daily active users in the first quarter were 1.73 billion, an increase of 11% year-on-year: monthly active users were 2.6 billion, an increase of 10% year-on-year. Facebook services (which includes services such as Facebook, Instagram, WhatsApp and Messenger) has an average daily active user count of 2.36 billion, an increase of 12% over the same period last year.

Facebook ’s average revenue per user in the first quarter was $ 6.95, an increase of 19% compared to last year ’s $ 6.09, and analysts generally predicted it to be $ 7.09. As of March 31, 2020, Facebook ’s cash, cash equivalents, and negotiable securities were $ 60.29 billion. Facebook founder and CEO Mark Zuckerberg said: "Our job has always been to help people stay in touch with the people they care about. As people rely on our services more than ever, We are focused on continuing to keep people safe and keep them informed and connected. "