Facebook quarterly earnings show increases in revenue, user base

Mobile now accounts for 84% of total revenue

Facebook reported strong earnings for the quarter ended 30 June 2016, revealing increases in the nuber of daily active users and revenue from mobile.

Revenue for the period was $6.2 billion, and net income was $2.05 billion, an increase of 63% and 186% respectively over the same period last year.

The social network claimed an average of 1.13 billion daily active users, and 1.03 billion mobile daily users, up 17% and 22% respectively year-on-year.

 

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Revenue from mobile accounted for 84% of the copmany’s total revenue for the quarter, up from 76% in the same quarter last year.

“Our community and business had another good quarter,” said Mark Zuckerberg, Facebook founder and CEO. “We’re particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services.”

TechCentral Reporters

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