Facebook on Wednesday reported a rise in third-quarter profit and growth in mobile ad revenue. It posted total revenue of $2.02 billion, a 60 percent jump from the $1.26 billion it reported in the year-ago quarter. Advertising accounted for $1.8 billion of that revenue. Facebook now has 1.19 billion active monthly users, an 18 percent jump from the same period a year ago. Many are signing on via their mobile devices — the number of active monthly mobile users rose 45 percent to 874 million.
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Teen Dropout Rate Spooks Facebook Investors
Posted by: Rachelle Dragani October 31, 2013 03:45 PMFacebook on Wednesday reported a rise in third-quarter profit and growth in mobile ad revenue. It posted total revenue of $2.02 billion, a 60 percent jump from the $1.26 billion it reported in the year-ago quarter. Advertising accounted for $1.8 billion of that revenue. Facebook now has 1.19 billion active monthly users, an 18 percent jump from the same period a year ago. Many are signing on via their mobile devices — the number of active monthly mobile users rose 45 percent to 874 million.