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Facebook revenue jumps 52% in Q4

2016-01-27 22:48:00| Telecompaper Headlines

(Telecompaper) Facebook reported fourth-quarter revenues up 52 percent year-on-year to USD 5.84 billion, led by continued strong growth in mobile advertising. Mobile accounted for 80 percent of ad revenue in the quarter, up from 69 percent a year earlier. The company generated a net profit of USD 2.27 billion or USD 0.79 per share, up from USD 1.52 billion or USD 0.54 per share a year earlier. After free cash flow of USD 2.14 billion in the quarter, Facebook ended 2015 with USD 18.43 billion in total cash. 

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