Facebook reports 82% surge in ad revenue

: Sunday, April 27 - 2014 @ 00:31

Facebook Inc. has said its first quarter profits tripled to $642m on a 72% surge in revenues helped by strong gains in mobile users and mobile advertising, AFP has reported. Advertising revenues jumped 82% to $2.27bn from a year ago, of which earnings from mobile ads comprised 59%. One year ago, mobile ads were less than one-third, and three months ago they were 53%. “These results show Facebook’s business is strong and growing, and we’re in great position to continue making progress toward our mission,” said Facebook chief executive, Mark Zuckerberg.

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Sunday, April 27- 2014 @ 0:31 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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