Facebook Announces Record Profits – But Are Habits Changing?

by Phil Aston

Facebook Announces Record Profits – But Are Habits Changing?

by Phil Aston

by Phil Aston

Facebook 2019

For a company in a so-called crisis, Facebook has just announced record profits.

It has seen revenue soar to $16.91 billion, with year on year growth of 30.4 per cent.
The net income of $6.88 billion for the quarter was Facebook’s best ever result.

Even with all the news of people leaving Facebook they have still increased users around the world.

In Europe, user numbers crept up from 377 Million to 381 million. This pales in comparison to the jump from 873 million to 947 million in Asia / Pacific.

However, to maintain this growth and profitability it depends on people sharing more stuff and being able to access that data for its advertisers.
This is where a change of habit is emerging which could threaten this growth.

How many of you now share photos and news via a messenger app?

In the Aston household we tend to do this more and for other groups of people, we have messenger groups so we can keep up to date but don’t share it on Facebook for all the world to see.

We are not alone and more and more people are taking their activity off facebook and communicating via messenger apps. You can see why Facebook want to combine What’s App, Messenger and Instagram Messages.

However, the biggest threat is from iMessage and the iPhone with more people avoiding Facebook altogether using Apple software.

This is a problem for Facebook as this kind of sharing, where we talk about family, restaurants, life events etc is a valuable source of Ad targeting data.

A Question To You

Are you finding yourself sharing more content via messenger Apps that you used to?

Thanks
Phil

Phil Aston is a partner at Genius Loci a Digital Marketing & Media agency based in Cornwall. Phil has over 26 years experience in SEO, Marketing & Photography and works primarily in the Tourism & Retail sector. He is also a yoga teacher and musician.

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