Facebook Q2 profit nearly doubles as monthly active users top 3 bn

Facebook reported that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil.

The leading social network said it made a profit of $5.2 billion (roughly Rs. 38,877 crores) on $18.7 billion (roughly Rs. 1.39 lakh crores) in revenue in the recently ended quarter, as the number of people using the platform monthly rose to 2.7 billion.

"This was a strong quarter for us, especially compared to what we expected at the start," chief executive Mark Zuckerberg said.

The number of people using the tech giant's overall 'family' of apps including WhatsApp and Messenger each month topped three billion, according to Zuckerberg.

 

Asianet.in/NewsDesk: Asianet Online