Just yesterday July 27th, Facebook released their Quarterly results for all their platforms consisting of Whatsapp, Instagram and The Messenger app.
Firstly, what are Quarterly results? A quarterly report for a public company is simply an income statement , balance sheet , and cash flow statement for the quarter and the year-to-date (YTD). This reports are based on the Quarters of the year, which is typically every 3 months. So this result is for the second Quarter of the year, as Normal, the reports are released few weeks later that’s why we are getting it now.
Mark Zuckerberg, Founder of Facebook made this Announcement yesterday on his Facebook page, see what he posted below;
“We just shared our quarterly results and gave an update on our community’s progress to connect the world.
Our community now has 1.7 billion people. We hit milestones of 1 billion people on Messenger and 500 million on Instagram each month.
We successfully flew Aquila — our solar-powered plane designed to beam internet to remote parts of the world.
We saw people use Live video in new and profound ways, from Candace Payne in her Chewbacca mask to Members of Congress sitting in on the floor of the House of Representatives.
And we worked to give you new ways to share — like 360 photos, including the one below with highlights from the quarter.
Thanks to everyone in our community for being a part of this journey to connect the world”
So Facebook gets 1.7billion hits every month,
WhatsApp gets 1 billion hits every month
The Messenger app gets 1 billion hits every month also while
Instagram gets 500 million hits every month.
Congratulations to the Facebook family!