Facebook earnings soar on mobile ad sales boom

Facebook's advertising sales in the first quarter of 2017 grew by 51% to $7.86bn (£6.11bn), helping the social media giant exceed analysts' expectations.

Facebook earnings soar on mobile ad sales boom

The revenue boost pushed up net income for the quarter by 76% to $3.06bn. Mobile advertising made up 85% of sales – up from 82% in the first quarter of 2016.

But the company’s chief financial officer, David Wehner, warned that this rate of ad revenue growth would not be maintained in the second half of the year, in part because of self-imposed limits of the level of advertising shown in Facebook’s news feed, the FT reports.

Facebook also revealed updated user numbers for its flagship platform. It now has 1.94 billion monthly active users – up 17% year-on-year.

But daily active users were also up 18%, to 1.28 billion. This means the number of people using Facebook on any given day is likely to soon exceed the population of India (1.34 billion) and China (1.39 billion).

Become a member of Campaign from just £51 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content

AGENCY

What is it like to work in B2B marketing?

AGENCY