Facebook’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 – as seen clearly when we superimpose quarterly growth stats onto Facebook’s latest chart:

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

This post Facebook’s fierce growth in Asia is beginning to slow appeared first on Tech in Asia.

from Tech in Asia https://www.techinasia.com/facebook-slowing-growth-asia
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