Facebook has adapted to challenges from mobile as profits tripled to US$642mil in the first quarter on a 72% surge in revenues helped by strong gains in mobile advertising - AFP Photo.
NEW YORK: Facebook profits tripled to US$642mil in the first quarter on a 72% surge in revenues helped by strong gains in mobile users and mobile advertising.
Demonstrating that it is successfully following the shift from PCs to mobile devices – which a year ago appeared to pose a huge challenge – Facebook said Wednesday that advertising revenues were up 82% to US$2.27bil from a year ago.
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