Skeptics Silenced: Facebook Now Killing it on Mobile

Posted by Rob Lewis

The world's largest social network beat analyst expectations with a surprisingly strong fiscal quarter, which caused its stock to rise 17% in after hours trading.

Facebook's mobile advertising revenue led the charge, leaping from $375 to $656 million in just one quarter. The company also beat Wall Street consensus on earnings per share (19 versus 14 cents) and revenue ($1.8 billion versus $1.6 billion).

"Soon we'll have more revenue on mobile than on desktop," said founder and CEO Mark Zuckerberg during a conference call following the earnings report.

Facebook added 45 million monthly active users. 700 million people use Facebook daily now.

Zuckerberg added that Facebook's mission is "to reach the next five billion people."

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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