Home Business NewsTech News Facebook make $219m profit thanks to mobile ads

Facebook make $219m profit thanks to mobile ads

by LLB Editor
2nd May 13 10:55 am

Mark Zuckerberg yesterday announced that an increase in mobile advertising has helped boost Facebook’s revenue by 38% in the first quarter to $1.46bn (£940m).

The social media goliath made a $219m (£140m) in the three months to March. In the same period last year, Facebook made $205m (£131m).

Facebook said that mobile advertising revenue made up 30% of the total income, up from 23% in the fourth quarter of 2013. Some 751 million people now use Facebook monthly on their mobile phones.

“We’ve made a lot of progress in the first three months of the year,” Zuckerberg said.

“We have seen strong growth and engagement across our community, and launched several exciting products.”

Facebook said its total monthly active users have jumped to 1.11 billion in the first quarter, a 23% year on year increase.

Earlier this week, a research by social media analysts SocialBakers found that last month, 1.4 million fewer UK users logged into their accounts. In the US, the social network lost over six million visitors since March.

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