Facebook income increased to $3 billion in June quarter because of its ad auctions, current income beats the Wall Street’s estimates.
Reported earnings of Facebook is $0.42 per share on the income of $2.92 billion for the quarter of June, while the experts estimated the earning of $0.32 per share of revenue of $2.81 billion.
Income for the quarter was up more than 60% from the same quarter a year ago thanks largely to strong development in ad sales. Total ad income for the quarter hit $2.68 billion, a 67% increase year-over-year. Mobile ads, once supposed to be a feeble point for Facebook after its IPO, now account for 62% of ad income.
The income of Facebook was more than 60% up if we relate same quarter with the last year, it is just because of strong development in ad sales. Total ad income for June quarter is $2.68 billion, rise of 62% in the ad income, Mobile ads, once supposed to be weak point for the Facebook after its IPO.
Chief Operating Officer Sheryl Sandberg said “We see our opportunities in mobile ads as much larger than installing apps,” on the incomes call Wednesday night. As she told, there are more than 1.5 million active advertisers and 30 million small businesses with pages on the Facebook.