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Facebook Q1 revenues up 72% to $2.5B; mobile brings over half of ad revenue

Thursday, April 24, 2014 | More »

Social networking giant Facebook saw its revenues shoot up 72 per cent to $2.5 billion for the first quarter ended March 31, 2014, over the same period the previous year, mainly due to a 82 per cent increase in ad revenues, which stood at $2.27 billion. On a GAAP basis, net income for the quarter [&...