The number of people using Facebook is down for the second straight quarter, according to the company. The number of daily active users dropped from 198 to 196 million. The number of monthly users dropped by one million.
“As expected, in the third quarter of 2020, we saw Facebook DAUs and MAUs in the US & Canada decline slightly from the second quarter 2020 levels which were elevated due to the impact of the COVID-19 pandemic,” Facebook CFO David Wehner said.
The social media giant measures monthly active users as users that have logged in during the past 30 days. Those figures do not include Instagram or WhatsApp users, the company owns both of those platforms as well.
Social media usage spiked during stay-at-home orders but has since dropped since the economy has started to open back up. Facebook announced it made more than $21 billion in the third quarter this year, up significantly from last year. Facebook’s stock dipped slightly in after-hours trading.
Wehner said Facebook expects “this trend to continue” into the fourth quarter and that daily and monthly active users will likely “be flat or slightly down compared to the third quarter of 2020.”
Facebook reported 195 million daily users in the US and Canada in the first quarter, before seeing that number jump to 198 million in the second quarter.
