Facebook now has 2.7 billion monthly active users

Facebook Q2 2020: $18.69 billion in revenue, and now reports a huge 2.7 billion monthly active users during the COVID-19 pandemic.

@anthony256

Published Jul 30, 2020 11:53 PM CDT
Updated Jul 27, 2022 4:46 AM CDT

51 seconds read time

With hundreds of millions of people across the world stuck inside thanks to the on-going COVID-19 pandemic, social networking giant Facebook couldn't be happier.

Facebook now has 2.7 billion monthly active users 07

Facebook reported their Q2 2020 earnings, smashing analyst expectations and seeing FB shares spiking 7% in extended trading. We now know that Facebook revenue for Q2 2020 was a bold $18.69 billion for the three-month period, up 98% year-on-year.

As for the amount of people using Facebook, that has also been boosted in a big way -- with 1.79 billion daily active users (DAUs) while the monthly active users has reached a gigantic 2.7 billion monthly active users MAUs.

Facebook founder and CEO Mark Zuckerberg said: "We're glad to be able to provide small businesses the tools they need to grow and be successful online during these challenging times. And we're proud that people can rely on our services to stay connected when they can't always be together in person".

Facebook said in a statement: "More recently, we are seeing signs of normalization in user growth and engagement as shelter in-place measures have eased around the world, particularly in developed markets where Facebook's penetration is higher".

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Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.