Facebook’s net profit in the first quarter of $9.5 billion, a year-on-year increase of 94%

Facebook released its unaudited financial report for the first quarter of fiscal 2021 as of March 31, showing that in the quarter, its revenue was $26.2 billion, a year-on-year increase of 48%; net profit was $9.5 billion, a year-on-year increase of 94%.

The financial report shows that Facebook’s diluted earnings per share in the first quarter were $3.30, a year-on-year increase of 93%; operating profit in the first quarter was $11.378 billion, a year-on-year increase of 93%. In addition, its revenue from the advertising business was $25.439 billion, a year-on-year increase of 46%; payment and other service fee revenue were $732 million, a year-on-year increase of 146%.

In terms of operational data, in March 2021, the average number of daily active users of Facebook was 1.88 billion, a year-on-year increase of 8%. As of March 31, 2021, the number of monthly active users of Facebook was 2.85 billion, a year-on-year increase of 10%; the number of monthly active users of Facebook “family” (Facebook, Instagram, WhatsApp, Messenger, etc.) was 3.45 billion, a year-on-year increase of 15%.

Facebook founder and CEO Mark Zuckerberg said that in the next few years, will continue to invest heavily to provide new and meaningful experiences, including in augmented reality and virtual reality, business and creator economy, etc…

Facebook expects that the year-on-year growth rate of total net revenue in the second quarter of 2021 will remain stable or accelerate slightly because the growth rate in the second quarter of 2020 will be relatively slow due to the impact of the epidemic.