Facebook profits soar as mobile advertising grows to 62 per cent of revenues

Danny Palmer
clock

Facebook's stock price quadruples in two years as mobile advertising push pays off

Facebook has confounded sceptics and beaten Wall Street forecasts with mobile advertising - once viewed as a struggling part of the social network's business - now contributing 62 per cent of its a...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Senior UK MPs call for action on TikTok ownership as national security concern

Government

Meanwhile US Congress urged to consider broader privacy regulation across all social media platforms

clock 22 March 2024 • 3 min read
Facebook and Instagram down across the world

Social Networking

Facebook and Instagram are both down for many users around the world.

clock 05 March 2024 • 1 min read
Tech giants refuse to engage with UK's military secrets board

Government

They 'won't have anything to do with us', says former diplomat

clock 29 February 2024 • 2 min read

More on Finance and Reporting

Capita reports £107mn annual losses, blames cyberattack

Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock 08 March 2024 • 2 min read
Salesforce's Benioff: 'This must be the year of Data Cloud'

Salesforce's Benioff: 'This must be the year of Data Cloud'

Makes light of customer's AI bungle, as Q4 profits up 10%

Wade Tyler Millward
clock 29 February 2024 • 8 min read
Nvida revenues rise 265% on AI chips

Nvida revenues rise 265% on AI chips

Looks set to make Nvidia more valuable than Amazon and Alphabet

John Leonard
clock 22 February 2024 • 2 min read