Facebook Ads: This Wednesday the Facebook ads revenue went over 15% in afterhours trading. The company reported that the 41% of Facebook ads revenue came from Mobile.
The Wall Street is expecting a figure of 33% from Facebook ads who contributed in revenue of $1.8 billion for the quarter, which was higher than the expected $1.62 billion. The per share earnings was $0.19, which then went to $0.14.
Also Read: Twitter Started Twitter Ads For Media Brands.
Facebook proudly exposed that they have 819 million monthly mobile users, which 51% more than last year 2012. Facebook now has 1.15 billion active users per month and 699 million users per day.
Facebook ads business was launched a year ago; the figure went up to 41% within the last 12 months.
Mark Zuckerberg, Facebook founder and The CEO, gave statement:
“We’ve made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile”, “The work we’ve done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future.”
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