Thursday April 9, 2020

Facebook revenue surges fuelled by mobile advertising

Facebook’s revenue surged 61 percent in the second quarter, fueled by mobile advertising, sending the stock soaring in extended trading past its all-time closing high.

24th July, 2014
Investors liked Facebook's second quarter results.

Facebook’s revenue surged 61 per cent in the second quarter, fuelled by mobile advertising, sending the stock soaring in extended trading past its all-time closing high.

Sales rose to $2.91 billion for the period from $1.81 billion a year earlier, topping analyst estimates. Promotions on wireless devices accounted for 62 per cent of advertising sales, the company said in a statement today. That was up from 59 per cent in the prior period and...

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