Facebook’s annual revenue grows to $12.5 billion

YEREVAN, January 29. /ARKA/. Facebook’s annual revenue grew from $7.872 in 2013 to $12.466 billion last year (+58%).

The company’s financial report says net profit was $2.940 billion in 2014, as compared to $1.5 billion the year before. Operational profit was $4.990 billion in 2014. The company’s revenue rose by 49% over the last three months of 2014 to $3.851 billion, as compared to $2.585 billion the year before. According to analysts interviewed by Thomson Reuters and Bloomber, the respective expectation was $3.770 billion, RBC reports.

Revenue in the quarter was driven by mobile ads, says the company’s report. Mobile ads accounted for 69% of total sales, up from 66 percent in the third quarter.

According to the report, number of active monthly facebook users was 1.39 billion at the end of December 2014, the number of mobile audience reached 1.19 billion. –0--