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| Facebook CEO Mark Zuckerberg |
Facebook Inc. Financials for Quarter Earning 2014.
Facebook Inc. has just announced its quarterly earning for FY Q1 2015.
The social network’s fourth-quarter sales totaled $3.85 billion, exceeding the average analysts’ prediction of $3.77 billion, according to Company`s Quarterly earning reports. The percentage of ad sales from mobile phones was 69 percent, up from 66 percent in the third quarter, the company said in a statement Wednesday.
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| Facebook Quarterly earnings |
Profit excluding some items was 54 cents a share, compared with 48 cents projected on average by analysts.
Net income rose to $701 million in the fourth quarter, compared with $523 million a year ago. Expenses were $2.72 billion, up 87 percent from a year earlier.
The results are an early indicator of the progress made by Facebook in building an ad-sales machine beyond its main property. The Menlo Park, California-based company is now increasingly selling promotions on mobile applications and sites across the Web, complete with new technology to track individuals’ responses to the ads no matter what device they’re using.
According to Facebook page of founder CEO of Social Networking giant Mark Zuckerberg, there are 700 Million Active monthly users are on Whatsapp as well as Groups. Photo Sharing application Instagram which Facebook acquired for $1Billion in 2012 has now 300 Million active monthly users worldwide now.
890 Million users world wide shared 3 Billion "moments and friendships", said Mark on his facebook page.
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