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Facebook revenues surge 72% in Q1

2014-04-23 23:17:00| Telecompaper Headlines

(Telecompaper) Social media company, Facebook reported first quarter revenue of USD 2.50 billion, representing a significant year-on-year increase of 72 percent from USD 1.46 billion. Revenue from advertising rose 82 percent to USD 2.27 billion, with advertising revenue representing approximately 59 percent of advertising revenue, up from 30 percent. Payments and other fees revenue totalled USD 237 million. 

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