Facebook Q1 earnings nearly triples at $642 mn, CFO to step down

Apr 24 2014, 09:35 IST
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Facebook's revenue was USD 2.5 billion, up 71 per cent from USD 1.46 billion in the same period a year ago. Facebook's revenue was USD 2.5 billion, up 71 per cent from USD 1.46 billion in the same period a year ago.
SummaryFacebook's revenue grew sharply in the first quarter, surpassing Wall Street's expectations.

that number by the end of 2014.

On the mobile front, Facebook accounted for nearly 15 per cent of worldwide ad revenue and is expected to steal some of Google's share this year to grow to 22 per cent.

In comparison, Google's share was 49 per cent last year and is expected to drop to about 47 per cent by 2014's end.

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