Facebook Delivers Solid Quarter; 76% of Ad Revenue ($2.9 Billion) Comes From Mobile
Despite beating analyst forecasts of $4.04 billion vs $3.99 billion (a 39% y-o-y increase), Facebook's stock was down in after-hour trading yesterday amid Wall Street's worries about its cost base. Highlights: - Mobile advertising revenue represented approximately 76% of advertising revenue for [...]
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