Steven Millward · · 2 min readFacebook’s fierce growth in Asia is beginning to slow
Photo credit: Mark Zuckerberg.
Facebook now has 2 billion people who use it at some point each month – but Mark Zuckerberg’s social network is seeing slowing growth as its global ubiquity – well, except in China – makes it harder and harder to find new users.
At the heart of the slowdown is Asia. It’s long been Facebook’s fastest growing region, but it’s now decelerating too.
Despite all that, Facebook pulled in higher than expected revenue of US$9.3 billion from April to June, primarily from mobile ads.
Some other user highlights:
- Two-thirds of Facebook users access it each day
- That means 1.3 billion daily active users globally
- 453 million of which are in Asia
- WhatsApp now has 1 billion chatters each day
- WhatsApp Stories, its Snapchat clone, now has 250 million daily users
A handful of $$$ highlights:
- 17 percent of Facebook’s revenue derives from Asia
- Its Asia revenues have doubled since early 2016
- Facebook makes an average US$2.13 from each Asia user – compared to US$19.38 in the US and Canada
- Record profit of US$3.9 billion from April to June
- Facebook is now worth US$478 billion
Editing by Judith Balea
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