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Mobile now makes up 23pc of Facebook ad revenue

Mobile now makes up 23pc of Facebook ad revenue

Mobile now makes up 23pc of Facebook ad revenue

Mark Zuckerberg, founder, Facebook

Fourth quarter revenue at Facebook climbed 40pc to reach $1.59bn while earnings fell by $360m to $64m as it strives to tap into the mobile opportunity.

Facebook now has 1.06 billion users, up 25pc from a year earlier. About 680 million of them access Facebook using a mobile device each month, but the company only started showing mobile ads about nine months ago.

Facebook said it generated 23pc, or $306m, of advertising revenue from mobile. The overall results were better than analysts anticipated, but they had expected mobile ad revenue to grow by 25pc.

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