This was a dramatic revenue increase for Facebook. The numbers are 63% higher than what they reported this time last year. Here's how Facebook made that money. For one, advertising revenue increased significantly. They made $2.63 billion from ads, up 67% from this period in 2013. The revenue increase is even higher when you discount the impact of changes in foreign exchange rates.
Most of that money came from mobile ads, which brought in 62% of Facebook's advertising revenue. This is up from 41% this time in 2013. They also made $235 million in revenue from payments and fees. When commenting on the report, Facebook founder Mark Zuckerberg seemed pleased about the company's growth. He expressed interest in the opportunities the company had ahead of them, particularly global opportunities.
When commenting on the report, Facebook founder Mark Zuckerberg seemed pleased about the company's growth. He expressed interest in the opportunities the company had ahead of them, particularly global opportunities. Financial growth wasn't the only kind of growth that Facebook experienced. They also saw a dramatic increase in their user base. The company claims to have 1.3 billion active users, which is a 14% increase from last year.
How many people use Facebook worldwide? An estimated 1.32 billion people use Facebook, which is a number that is still growing! Other statistics during the 2nd quarter were better than the previous quarter for Facebook as well, so you can bet that people are excited and buying shares. Facebook recently closed at 71.29. Where is it at by the time you read this?
FaceBook has established itself as a big name in the industry. This has led it to becoming one of the fastest growing entities in the world and this includes some of the biggest brands out there. FaceBook is a legitimate winner these days and they are growing rapidly. They can do no wrong at the moment as the profit margins are rising. They are beating expectations and continue to over deliver on their results as time goes by. It is impressive to note the growth and development of the company as it has gotten bigger and bigger.
About the Author: