Business Standard

Facebook revenue jumps as mobile ad sales surge

Image

Reuters

(Reuters) - Facebook Inc reported a nearly 42 percent rise in quarterly revenue, helped by a jump in mobile advertising sales.

Net income attributable to stockholders fell to $509 million, or 18 cents per share, in the three months ended March 31, from $639 million, or 25 cents per share, a year earlier.

The world's largest internet social network said revenue rose to $3.54 billion from $2.50 billion. Revenue from advertising was $3.32 billion, a 46 percent rise from a year earlier.

(Reporting by Bill Rigby in Seattle and Abhirup Roy in Bengaluru; Editing by Saumyadeb Chakrabarty)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 23 2015 | 1:44 AM IST

Explore News