Facebook has revealed its latest earnings results for Q2. The company announced a net income of $3.89 billion.
This is up some 71% on the same quarter of 2016, which is pretty impressive. The company announced recently that it now has 2 billion users.
Facebook’s overall revenue was up some 44.8 % to $9.32 billion from the same period last year. The company’s CEO Mark Zuckerberg said that “We had a good second quarter and first half of the year. Our community is now 2 billion people and we’re focusing on bringing the world closer together,”.
The company revealed that mobile advertising revenue was around 87% of their total $9.16 billion, this is up from 84% on the same period last year.
Apparently the saw an increase of revenue from monetisation of video in the Facebook News Feed. It will be interesting to see if the company can continue to grow at a similar pace in their next quarter.
Source The Guardian