Thursday, April 24, 2014

Facebook Reports 188% Increase in Net Income

Facebook reported that for the first quarter of 2014, Net income from operations was $1.08 billion, up 188% compared to $373 million in the first quarter of 2013. Revenue from advertising was $2.27 billion, an 82% increase from the same quarter last year.  Mobile advertising revenue represented approximately 59% of advertising revenue for the first quarter of 2014, up from approximately 30% of advertising revenue in the first quarter of 2013.  Here is Facebook's full SEC filing.