Menu
Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

Mazda Miata 2016 model revealed

Mazda Miata 2016 model revealed

The Sexiest Halloween Costumes of 2014

The Sexiest Halloween Costumes of 2014

Miley Cyrus New Butt Gets in Trouble with Law

Miley Cyrus New Butt Gets in Trouble with Law

Larry Ellison Steps Down as CEO of Oracle

Larry Ellison Steps Down as CEO of Oracle

Facebook reports first quarter earnings for 2013

May 2 2013, 1:01am CDT | by , in News | Technology News

It looks like Facebook's goal of becoming a "mobile first" company is nearing its fruition. The social networking giant has reported its first quarter earnings for the year, and it is, so far, looking good.

Facebook reports first quarter earnings for 2013
 
 

YouTube Videos Comments

Full Story

Facebook reports first quarter earnings for 2013

Facebook revealed that it has 751 million active mobile users in the first quarter of 2013, a 54% increase over last year. Today, the social network disclosed its first quarter earnings for the year at $1.25 billion with 30% ($75 million) coming from mobile.

Several analysts have forecasted Facebook’s rising ad revenue from mobile this year.  Sterne Agee analyst Arvind Bhatia anticipated $360 million in mobile advertising revenue while JP Morgan analyst Doug Anmuth put the figure around $320 at the least. Facebook’s earnings from mobile ad revenues last quarter was $305 million.

Facebook’s data on mobile monthly active users (mobile MAUs) show a steady rise from last year with a 32 million increase from the previous quarter and 106 million increase from last year, translating to a growth of 127 per cent.

The growing number of Facebook mobile users (751 million) is significant, as it is the second consecutive quarter more users have accessed Facebook on their mobiles than from the Web (665 million). Facebook recently conducted a study where using Facebook (70%) rated only below checking email (78%) and Web browsing (73%).

Some believe that the key to Facebook’s growing revenue is in its mobile app install ads, which is continually being developed to better target audiences. Last March the ad format was updated to help developers customize ads based on mobile devices’ OS, Wi-Fi, and data connections. The company says it will continue to invest in its ad serving and measurement platforms.

Source: Facebook

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.

 

 

Comments

blog comments powered by Disqus

Latest stories

Kim Kardashian Leaked Photos Backlash
Kim Kardashian Leaked Photos Backlash
We have a new celebrity nude photo scandal this weekend. A hacker has published nude photos of Kim Kardashian and others on 4Chan. The internet seems though to have no sympathies for Kim Kardashian's violation of privacy.
 
 
Kaley Cuoco and Jennifer Lawrence hit again in Hacker Photo Leak
Kaley Cuoco and Jennifer Lawrence hit again in Hacker Photo Leak
This weekend another big leak of private celebrity photos has hit the web. First time victims Kaley Cuoco and Jennifer Lawrence are hit again.
 
 
Nicki Minaj: A Fair Warning to Male Drivers…Dangerous Curves Ahead!
Nicki Minaj: A Fair Warning to Male Drivers…Dangerous Curves Ahead!
The Voluptuous Black Mama with Vim and Vigor and Vociferous Vibes!
 
 
Sears Black Friday
Sears Black Friday
When it comes to department stores, there are very few companies that can compete with someone like Sears. They have home appliances, clothing, power tools, and everything in between. For people who are shopping for...
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.