- Facebook has done good business during the quarter, helped by strong growth in the number of mobile users. Sales of the US Internet company rose by more than 40 percent, the profit was on the rise.
Facebook had 1.55 million members who were active at least once a month. More than 1 billion people daily them logged in to the social network to update their status or to see friends, 17 percent more than a year earlier. The number of daily users through mobile apps increased by more than a quarter increased to 894 million.
The company reported Wednesday a quarterly revenue of 4.5 billion dollars (4.1 billion euros), up from $ 3.2 billion a year earlier. Net profit went up by more than a tenth to 896 million dollars. Adjusted for non-recurring items, the company performed better than analysts had anticipated average.
Revenue from ads on smartphones are growing in recent times faster than total revenue. Mobile advertising now accounts for more than three quarters of total revenue on Facebook. A year earlier, it was still about two-thirds.
To make that happen, the company or the investment firm performed apps. Facebook put so much money into improving the advertising opportunities at subsidiary Instagram, which now has about 400 million users.,null, We had a good quarter and a lot of work, '' said CEO Mark Zuckerberg.