NYTimes: ‘Facebook Profit Nearly Triples on Mobile Ad Sales and New Users’

Mike Issac, The New York Times:

Facebook said sales totaled $6.44 billion for the quarter, up 59 percent from a year ago, while profit almost tripled to $2.06 billion.

The rise was driven by strong mobile ad sales, as well as a steady ascent in its number of users. Facebook now counts 1.71 billion monthly active users, up 15 percent from a year ago. And in a sign of how indispensable the social network is to people, the amount of money the company can squeeze from each user globally jumped to $3.82, up from $2.76 a year earlier.

Those are very impressive numbers, especially considering ‘the next billion users’ is generally a steeper hill to climb.

In Uncategorized by Mayur Dhaka