Facebook shares rose by around five percent after the company’s quarterly results beat estimates. The social media network now has 1.1 billion users
ADVERTISEMENTFacebook shares rose by around five percent after the company’s quarterly results beat estimates.
The social media network now has 1.1 billion users a day, with over 1.5 billion monthly active users – the vast majority using the service on mobile devices.
A huge increase in mobile advertising boosted overall ad revenue by 45 percent.
Mobile commercials are growing fast generally, driven by Facebook’s growth according to some analysts.
Total revenue jumped to $4.5 billion dollars (4.13 billion euros) in the third quarter, up from $3.2 billion (2.94 billion euros) a year earlier.
It's official: a billion people a day now use Facebook https://t.co/hkfVmZXoWG
— Fast Company (@FastCompany) November 4, 2015#Facebook third-quarter revenue beats on ad sales growth: https://t.co/lfjEV9mjpC$FBpic.twitter.com/CdqhkzaZU1
— Reuters Business (@ReutersBiz) November 4, 2015