Facebook has added 60 million monthly users in the last three months to reach a staggering 1.71 billion users while scoring $6.44 billion in revenue — blowing an earlier estimates of $6.02 billion.
This is Facebook’s 16th best out of 17 quarters since it went public at $38 per share, Tech Crunch reported.
“Our community and business had another good quarter. We’re particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services,” Mark Zuckerberg, Facebook founder and CEO, said in a statement.
However, massive popularity of the augmented reality game Pokemon Go has broken many records. While on a daily basis, it is being used twice as much as the Facebook app on Android, the insanely popular app from Niantic Labs has the most first-week downloads since Apple launched its iOS app store eight years ago.
During its first week, Pokemon Go users spent about 75 minutes per day playing it, versus only 35 minutes on the Facebook app, reports Forbes.com citing information from 7Park Data, pulled from a multi-million panel of anonymous US Android users.
When comparing daily usage, the week before and the week after Pokemon Go’s release, 7Park Data discovered that the game caused daily usage for YouTube to drop by nine percent and daily usage of Snapchat to drop by 18 percent. The augmented reality game has also become the most downloaded mobile app in its first week of release in the history of the app store, reported The Verge, with confirmation from Apple.