Wednesday, October 24, 2012
Facebook Begins to Monetise Mobile
Excluding the impact of changes in foreign exchange rates, Facebook said its revenue in the third quarter rose 38% year-on-year to 1.26 billion US dollars. Revenue from advertising was 1.09 billion dollars, while p ayments and other fees revenue for the third quarter was 176 million dollars. Facebook added that 14% of advertising revenue during the third quarter was "from mobile", compared with almost nothing in the same period of 2011. source: Facebook statement
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