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Wireless

Facebook Q2 profits surge as ads drive 59% sales jump

Thursday 28 July 2016 | 07:46 CET | News
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Facebook reported a record net profit for the second quarter, almost tripling that of a year earlier, as a surge in advertising sales drove a 59 percent jump in revenues over the period. Average revenue per user (ARPU) was USD 3.82 in the period, up 38.4 percent from USD 2.76 a year earlier. Chief executive Mark Zuckerberg said the company was particularly pleased with its progress in video as it moves towards a world where video is at the heart of all its services.

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Categories: Internet / Mobile & Wireless
Companies: Facebook
Countries: World
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