Facebook earnings nearly triple on strong advertising revenue
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New York - Strong advertising sales pushed Facebook to record high profit in the second quarter, the social networking company said Wednesday.Net profits rose to 2.1 billion dollars from 719 million dollars in the year-earlier period, while revenues incre
Ads on mobile phones drove much of the profit, representing 84 percent of advertising revenue. Total advertising revenue rose 63 percent to 6.2 billion dollars.
"Our community and business had another good quarter," Facebook chief Mark Zuckerberg said. "We're particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services."
The world's largest online network reported 1.7 billion active users per month as of the end of June, up 15 per cent from the previous year.
- DPA
