Please ensure Javascript is enabled for purposes of website accessibility Facebook announces Constant results in Q3 along with additional users and Stable Revenue.

Facebook announces Constant results in Q3 along with additional users and Stable Revenue.

Oct 26, 2021 BY ANAHAT DESHPANDE

Facebook announces Constant results in Q3 along with additional users and Stable Revenue.

Facebook’s inclusive user growth is slackening, despite the fact that it continued to increase millions of more active users on the platform in Q3. Its revenue persisted with steady growth. This was boosted mainly due to the sales of VR units and Ray-Ban smart glasses.

Here is an insight into the latest statistics from the Q3 2021 report. To begin with, the active users on the Facebook platform have been added 22 million new daily activity to increase to 1.93 billion daily active users, which is moving closer to the 2 billion user’s daily milestone achievement.

  Facebook has observed the most substantial user growth in the region of Asia Pacific. The steady and progressive development, specifically in India and Indonesia, is aiding to enhance the statistics. Though it also added millions of daily actives in USA and Canada.

This might be a minute but a positive mark, particularly considering the most recent insight from the platform, which states that the company is struggling to increase more users, particularly the youth categories.

Regarding the monthly users, the company has approximately 2.91 billion on Facebook single-handedly, which is a growth of 6% year over year.

Regardless of the many controversies and concerns, the platform continues to grow. When it comes to the total population of the globe, which is 7.9 billion currently. Facebook’s reach is truly remarkable. This is one of the reasons this platform is so influential around the world.

Considering the revenues aspect, Facebook has earned 29 billion dollars for the current quarter, which is almost the same as the previous quarter.

Like other social media platforms, even Facebook’s ads development has been impacted due to Apple’s ATT update. This limits the data Facebook has to target for advertising, which affects the advertiser's ads budget. Facebook is still working on this, which will bring new measures and solutions for the same.

The significant Facebook revenue still comes from North American users, which aims at increasing opportunities in other regions as well.

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