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Facebook Earns $5.2bn From Ads, Reports 300% Profit Increase

Facebook

Internet giant, Facebook, have seen its shares jumped after it reported a tripling of first quarter profits from a year earlier to $1.51bn.

The firm’s advertising revenues also rose to $5.2bn, with more than 80% coming from mobile. Facebook’s focus on live video attracted new advertisers, while sales on existing services also grew. The firm reported $3.5bn in the corresponding period last year.

ALSO READ:  Facebook Set To Launch Its Biggest Business To Business Advertisement Campaign

Facebook added that it intended to continue buying other companies, but only those offering services that could be “ubiquitous”.

BBC


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