Mobile advertising boosts Facebook profits
May 2 , 2013
Facebook reported a 38 percent rise in first quarter profits on Wednesday.
The figure grew to $1.46 billion on the back of an increase in advertising revenue.
Advertising revenue was up by 43 percent to $1.25 billion, out of which 30 percent came from mobile advertising.
Net profit sat at $219 million compared to $205 million the previous year.
The social networking giant added that its monthly active users were up 23 percent year-on-year to 1.11 billion.
Out of that number, 751 million were mobile users, an annual increase of 54 percent.