These charts from Facebook show profits have tripled in a year
April 24, 2014
Facebook has released charts that show quarterly profit nearly tripled from a year ago as advertising revenue surged. Facebook also continued to add users, with monthly active users rising 15% to 1.28 billion in the first quarter.
Mobile was the segment where Facebook saw big growth. Mobile daily active users rose to 609 million, up 9.5% from the fourth quarter.
Facebook’s revenue continues to grow at a rapid rate. Revenue clocked in at $2.5 billion, up 72% from a year ago and higher than analysts anticipated.