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Facebook swings to Q2 profit as mobile growth continues

2013-07-25 02:00:00| Total Telecom industry news

Mobile ads now account for 41% of social network's core advertising business.

Tags: mobile growth profit continues

 

Zuckerberg dismisses Facebook teen drop-off: 'Just isn't true'

2013-07-24 23:39:43| CNET News.com

Despite the consistent criticisms aimed at Facebook's inability to hold on to the coveted teen market, CEO Mark Zuckerberg dispels the rumors. [Read more]    

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Facebook shares up 19% on ads boost

2013-07-24 23:24:24| BBC News | Business | UK Edition

Shares in Facebook leap as it beats earnings expectations with stronger than expected mobile ad sales in the second quarter.

Tags: ads shares boost facebook

 

Facebook earnings by the numbers: 819M mobile users

2013-07-24 23:13:51| CNET News.com

The company's second-quarter report shows Facebook continuing to slowly gain more users while increasing its mobile advertising dollars. [Read more]    

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Facebook revenues increase 53% to reach USD 1.81 bln in Q2

2013-07-24 22:27:00| Telecompaper Headlines

(Telecompaper) Facebook revenue for the second quarter 2013, ending 30 June 2013 increased 53 percent year-over-year to USD 1.81 billion from USD 1.18 billion. Advertising revenue represented 88 percent of total revenue and increased 61 percent to reach USD 1.60 billion. Mobile advertising revenue represented 41 percent in the quarter and revenue from payments and other fees increased 11 percent to USD 214 million. GAAP costs and expenses dropped 35 percent to USD 1.25 billion. Excluding share-based compensation and related payroll tax expenses, non-GAAP costs and expenses were USD 1.02 billion, up 52 percent from USD 669 million.

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