Facebook Rides On Mobile Devices To Make More Profit

Facebook has double the net profit posted by the company last year – thanks to good business growth via mobile devices in 2014.

The company earned a net profit of $2.9 billion in 2014 nearly double that of 2013 which Facebook’s income last year was 12.4 billion representing an increase of 58.4 per cent compared to the previous year.

The results presented on Wednesday showed that the business branch of Facebook grew more than last year and confirmed the success of the company

In December 2014, nearly 890 million subscribers Facebook had which is 18 per cent compared to a year earlier. 745 million (84 per cent) log into Facebook though  mobile devices  which accounted for a 34-per cent increase compared to the previous year

The three months of October, November and December, Facebook shareholders earned profits of $0.25 per share, compared to the $0.20 in the same period the previous year and a turnover of $8.3 billion marking an increase of 48.6 per cent with $2.58 billion for the last quarter of 2013.

 

Leave a Reply