The Future of CX with Larry Ellison
Facebook’s mobile ad revenue grew by 76% to $4.26 billion in Q1 2016
Facebook’s quarterly earnings reports are almost obnoxious at this point. Imagine if every few months an already rich friend of yours announced they’ve become even richer. That’s Facebook.
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Through the first three months of 2016, Facebook made $5.38 billion and banked $1.51 billion in net income. That overall quarterly revenue figure is 52% more money than the social network made in the first quarter of 2015.
Almost all of that money — 97% — comes from advertising, and that part of Facebook’s business is growing at an even steeper rate. In the first quarter of 2016, Facebook’s advertising revenue ballooned by 57% year-over-year to hit $5.20 billion. And it’s mobile ad revenue rocketed at an even steeper clip, increasing by 76% year-over-year to hit $4.26 billion and account for 82% of the period’s ad revenue.For what it’s worth, Twitter generates a higher share of its ad revenue from mobile — 88% — but Twitter only rakes in about a tenth of the total ad revenue that Facebook generates.
But it’s not only the amount of money Facebook made that’s obnoxious; it’s how Facebook made that money. Not only did Facebook get even more people to use Facebook than were already using it, but it was able to make more money for each person that uses it.
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In the first quarter of 2016, 1.65 billion people, on average, used Facebook every month — a 15% increase year-over-year — and 1.09 billion people did so every day — a 16% increase year-over-year. On top of that, the average amount of money Facebook made for each person that used Facebook increased by 33% to $3.32. And the average amount of money Facebook made from showing ads to each person hit $3.21, a 37% rise year-over-year.
From our sponsors: Facebook’s mobile ad revenue grew by 76% to $4.26 billion in Q1 2016
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