Wednesday, 07 December 2016

Facebook posts profit, revenue hike as users go more mobile

By Mary Lennighan, Total Telecom
Thursday 24 April 14

Social networking site generated 59% of its total ad revenues from mobile advertising in Q1.

Facebook saw profits treble in the first quarter of this year and reported healthy growth in revenues, most of which are now generated on the mobile platform. The social networking site posted net income of US$642 million for the three months to 31 March, up from $219 million in the year…

Facebook saw profits treble in the first quarter of this year and reported healthy growth in revenues, most of which are now generated on the mobile platform. The social networking site posted net income of US$642 million for the three months to 31 March, up from $219 million in the year…

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