Facebook Hits 1.86B Monthly Users, $8.8B Revenue

Facebook managed to attract another 70 million users to sign in every month, pushing the number of monthly users to 1.86 billion. The company also attracted $8.81 billion in revenue in the last quarter of 2016.

According to Facebook’s latest quarterly results, the company now makes 84% of its ad revenue from its mobile app, which is pretty much the same as last quarter. It accounted for $7.24 billion of the total. The company also reported a profit of $3.56 billion, putting the growth at 177% year over year.

Revenue was up 51% year over year, down from 56% in the third quarter and 59% in the second quarter of 2016, indicating that the company’s revenue growth was indeed slowing down some. This has been something that Facebook warned about before, saying that it will run out of ad space somewhere in the middle of 2017. It seems th...