Home Business NewsBusiness Facebook revenue grows staggering 63% thanks to mobile

Facebook revenue grows staggering 63% thanks to mobile

30th Jan 14 8:57 am

Just when you thought it couldn’t possibly get any bigger, Facebook has gone and reported a colossal revenue growth of 63% in the three months to 31 December (Q4 2013) on the same period the year before, to some $2.59bn.

Profits for the whole of 2013 stood at $1.5bn.

Facebook attributed the growth to a huge increase in mobile advertising sales, which accounted for 53% of total advertising sales.

Google makes eye-watering $10bn loss on Motorola Mobility sale

Ad sales made up the majority of its Q4 revenue, accounting for $2.34bn of the total $2.59bn, and up 76% on the same period the year before.

Mobile ad sales were up 23% on the same quarter in 2012.

Seven reasons you should ‘dislike’ Facebook

“It was a great end to the year for Facebook,” Facebook founder Mark Zuckerberg said in a statement.

“We’re looking forward to our next decade and to helping connect the rest of the world.”

Facebook says it had a whopping 757 million daily users across the world as of December 2013.

Follow me on Twitter @sophiehobson and @londonlovesbiz


NOW READ: Singing fridges and bendabale TVs: Top 10 coolest tech gadgets of 2014



Leave a Comment


Sign up to our daily news alerts

[ms-form id=1]