Sunday, May 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google to Retire the AlphaGo AI Program
Apple is Building AI Chip for iPhone
Chip Industry "Threatened" by Chinese Players
AMD Ryzen AGESA 1.0.0.6 Firmware to Enable Speedy Memory Clocks
Nvidia Introduces the GeForce MX150 For Laptops
Intel Dominates the Enterprise SSD Market
NVIDIA Introduces New GeForce GTX Battlebox
TSMC is Already Testing 7nm Chips, Coming Next Year
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, January 30, 2013
Facebook Revenue Grows Significantly in Fourth Quarter


Facebook's mobile advertising business enjoyed a significant growth, helping the company's revenue expand 40 percent to $1.585 billion.

Facebook said net income in the fourth quarter was $64 million, compared to $302 million in the year-ago period.

Facebook has ramped up its online advertising services in recent months. The company has rolled out a wide variety of new services in recent months as the company seeks to stay ahead in the Web market and to convince investors that it can turn its audience of more than 1 billion users into a sustainable business.

Facebook CEo Mark Zuckerberg said that recently introduced products such as Gifts, which allows Facebook users to purchase retail goods for their friends, as well as its new social search tool could become important businesses in the future. But in the near term he said that Facebook's advertising efforts will be the core of its business.

Revenue from advertising was $1.33 billion, representing 84% of total revenue and a 41% increase from the same quarter last year. Excluding the impact of year-over-year changes in foreign exchange rates, advertising revenue would have increased by 43%.

Facebook's overall fourth-quarter revenue was $1.585 billion, versus $1.131 billion in the year-ago period.

The number of monthly active users on the social network reached 1.06 billion at the end of last year, with 618 million daily active users, Facebook said. Much of that growth again came from emerging markets like Asia, rather than the United States or Europe.


Previous
Next
Nokia Starts Releasing Windows Phone 7.8 Update        All News        RIM Rebranded, Unveils BlackBerry 10, New Smartphones
Chinese Hackers Target New York Times Servers     General Computing News      Sony's Music Unlimited Service To Offer High-Quality Audio

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook to Show Major League Baseball games Live
European Commission Fines Facebook €110 Million for Providing Misleading Information About WhatsApp Takeover
Facebook Updates News Feed to Reduce Clickbait Headlines
French Watchdog Fined Facebook
Facebook to Reduce Links to Low-Quality Web Pages
Facebook Shutters Oculus Film Studio
Facebook Reports High Profit On Strong Mobile Ad Business
Facebook To Hire Thousands To Check Violent Videos
Facebook Adds More Game To Messenger
Facebook to Display Related Articles Before You Read The News
Facebook Releases Two New Surround 360 Video Cameras, Futuristic projects Focused On Silent Speech Communications
Facebook Outlines Its Strategy for Augmented Reality At F8 2017

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .