Facebook had reportedly hit 1.94 billion monthly users as of the end of the March quarter.
That’s up from 1.86 billion in the previous quarter and 1.65 billion in the same quarter a year earlier.
According to report, Facebook now has 1.28 billion people who use its services every single day, up from 18% year-over-year. Facebook posted $8 billion in revenue for the quarter, beating Wall Street estimates. However, its sales growth is beginning to slow down.
Facebook’s total sales for the quarter were up 49% from the same period a year earlier, breaking its streak of five consecutive quarters of growing sales at 50% or more.
Facebook’s CFO, David Wehner, said in November the company expected to see its ad sales growth rate “come down meaningfully” in 2017. The reason: Facebook is hitting the ceiling for how many ads it can shove in front of users.