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Facebook's Q2 profits double on back of strong mobile ad sales

July 23, 2014

ANI



Washington, July 24 (ANI): Social networking company Facebook's profit has doubled reaching 791 million dollars while its total revenue rose from 1.8 billion dollars to 2.9 billion dollars in the second quarter of 2014.

Facebook's more than a billion users reportedly use mobile devices to go online that amounts to 62 percent of the company's overall advertising tallies in the second quarter.

Facebook's sales from mobile devices are increasing at a rapid pace.

Almost 1.1 billion users accessed the site at least once using a mobile device.

Facebook's CEO Mark Zuckerberg said that he was delighted to see the company's performance on mobile devices but there was a lot more to do.

Google, the fastest growing network is expected to have a decrease in profits while Twitter is likely to reach three percent this year, reports CNET.

Zuckerberg further said that he intended to go slow and make greater profits in the long run.

The company gave extensive details on advertising and other items. (ANI)


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Source: Asian News International


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