While Twitter is trying to rebuild itself, Facebook recorded yet another blockbuster quarter. Over the past three months, the social network had $7.01 billion in revenue and $2.38 billion in profits, which is an astounding 166 percent increase over this time last year. You read that right; Facebook's profits this quarter has nearly tripled year-over-year.
A big part of that growth lies in mobile advertising. 84 percent of its ad revenue comes from mobile, and the number of mobile monthly active users has risen to 1.66 billion, an increase of 20 percent year-over-year. In fact, a whopping 1.055 billion of its users are mobile-only. An average of 1.09 billion people use Facebook via mobile on a daily basis. Its total monthly active users has grown too, to about 1.79 billion people. That's a 16 percent growth from this time last year.
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Source: Facebook
Facebook racks up more users, nearly triples profits posted first on http://ift.tt/1tUdcCk
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