Facebook's quarterly profits up by 34%
January 29 , 2015
Facebook has posted a fourth quarterly profit of $701 million, up 34% from a year ago, according to media reports.
The social networking giant’s ad revenues increased by 53% to $3.59 billion. Mobile ad sales contributed to most of the revenue.
Facebook has about 1.4 billion active users a month currently, a growth of 13% compared to a year ago, the company reportedly said.
The total profit for 2014 was $2.9 billion, nearly double of the corresponding figure for the previous year.