By Simon Bond

A couple of weeks ago I wrote about the power of Facebook and the power of its users who give so much away. Facebook just had their results and in short they were just stunning, that’s no doubt why the stock continually hits new highs. 

The results transcript by Mark Zuckerberg, provides a fascinating glimpse into the future and I have included some of what was said in the note below. And it’s all thanks to you and what you happily give away.

1.65 billion people now use Facebook every month, and 1.09 billion people use Facebook every day. In recent weeks they consistently see more than 1 billion people using Facebook on mobile every day. 

Total revenue for the quarter grew by 52% year-on-year to $5.4 billion, and advertising revenue grew by 57% to $5.2 billion. 

The company works on a 10 year roadmap focussed on building the technology to give everyone in the world the power to share anything with anyone. Bringing people together and giving everyone a voice takes long term commitment -not just over the next few years, but over the next few decades.  

We're focused not on what Facebook is, but on what it can be, and on what it needs to be. That means doing bold things. A lot of what we're building today in areas like connectivity, artificial intelligence and virtual and augmented reality may not pay off for years. 

As I've said before, our roadmap has three horizons. Over the next three years, we're going to keep investing in our most developed ecosystem -- the Facebook app and platform. 

Today, people around the world spend on average more than 50 minutes a day using Facebook, Instagram and Messenger, and that doesn't even include WhatsApp yet. This growth isn't happening because we came up with one or two big changes. Our team has just worked day after day on lots of improvements over a long period of time. That progress continued in the first quarter. We launched Reactions to help people express themselves in more ways. And we improved how our products work on different mobile networks and devices all over the world.

More than 3 million businesses are using our advertising products every month. We've expanded our measurement capabilities so more businesses can see the results they get from ads. And we've made it easier for small and medium businesses to use the same targeting tools and ad formats that our larger advertisers use. 

Over the next five years, we're going to build ecosystems around our products that are already being used by a lot of people. We're at the beginning of a golden age of online video. Video isn't just a single kind of content. We think its medium that allows people to interact in a lot of new ways. That's why, in addition to normal internet video, we're also focusing on more interactive video experiences like Live and 360 video. 

Earlier this month, we opened up Live to everyone. Live is just one part of our overall video effort, but we think it has a lot of potential. Friends go Live because it's unfiltered and personal. Actors and news anchors go Live because they can reach bigger audiences and in some cases than they can even on their own shows. And if we do a good job, we think it's something that people will associate with Facebook -- with interacting with people and not just watching content. But it's also a very new and a small part of all the videos we see on Facebook today. 

I'm also really excited about what we're building around messaging. Right now, we have two of the top messaging apps in the world. 900 million people use Messenger every month, and 1 billion people use WhatsApp every month. Between Messenger and WhatsApp, people send around 60 billion messages every day – that’s almost three times as many messages as SMS handled at its peak. 

We're also very happy with the way Instagram is growing -- with more than 400 million actives and more than 200,000 businesses advertising every month. Now we're focused on making the user experience even more engaging. With more content on Instagram all the time, people currently miss about 70% of what's in their feed. That's why, in the first quarter, we started rolling out feed ranking to help you see more of the posts you care about. This is a long term effort, but News Feed shows that ranking creates the best and most engaging experiences for our community. 

Over the next 10 years, we're going to keep investing in new technology to help everyone connect. As part of, we're building an open source telco infrastructure project called TIP to make it cheaper to operate mobile networks. Free Basics -- which helps people access tools for education, health information and communication for free -- now features more than 600 services and it has brought more than 25 million people online. That makes it one of the most successful connectivity initiatives in the world. 

We're also working to help people connect and share in a more natural and intuitive way. Artificial intelligence is a long term effort for us, but we're already using it in a lot of ways. Right now, our Moments app is using facial recognition to help you share pictures with your friends. We're using AI to show the most relevant content in News Feed, filter spam from messaging and even help blind people understand what's in their friend’s photos by reading explanations aloud. 

As always, everything we do is focused on our mission to make the world more open and connected. And to get there, we're building technology that brings people together, and that helps everyone in the world share anything they want with anyone. It takes a long term commitment, and it won't happen overnight. But we're in a strong position and I'm excited about what's next.  

North America and Asia Pacific were our fastest growing regions with advertising revenue growth of 64% and 62%, respectively. Europe and Rest of World grew advertising revenue more slowly at 49% and 35% respectively, with the latter particularly impacted by foreign exchange headwinds. Setting aside currency headwinds, all regions exceeded 50% constant currency ad revenue growth. 

Mobile ad revenue was $4.2 billion, representing approximately 82% of total ad revenue. Mobile ad revenue grew 75%, driven by strength from Facebook’s News Feed. 

And on live video, the theme that I think is most important is just that there's so much that people want to express and share with the people around them that they don't have the tools to do today. 

And I think that's a huge opportunity not just in live video but in a lot of the things that we're talking about.