Belfast Telegraph

Facebook revenues surge to $4.5bn as user numbers leap

By Damian Clarkson

Facebook revenues have jumped to $4.5bn (£2.92bn) as its number of global users grew to a record 1.55 billion.

Revenues at the social media giant were 40% higher than the $3.2bn announced in the same period last year.

Advertising revenue was the key driver behind the performance, growing 45% year-on-year to $4.3bn (£2.8bn).

Net income for the three months to September was up 11% to $891m (£580m).

The growth in advertising revenue was made possible by the fact that Facebook continues to attract more users. Its total of 1.55 billion monthly active users is 14% higher than a year ago and the site now averages more than a billion users every day.

A total of 1.39 billion access the site each month on their mobile devices, 894 million of these on a daily basis.

Facebook founder Mark Zuckerberg welcomed the results and said the firm would continue its focus on growing video.

"We had a good quarter and got a lot done," he added.

"We are focused on innovating and investing for the long term to serve our community and connect the entire world.

"Over the next few years, video is going to be important - and we want to become one of the best places to share it."

Earlier this week, another of Facebook's top brass addressed thousands during the first day of the Web Summit in Dublin.

Mike Schroepfer, who is chief technology officer for the social media giant, told packed-out crowds at the centre stage about Facebook's plans for growth.

And Mr Schroeopfer also looked at the potential future areas of expansion, which include a greater use of video as well as virtual reality across all aspects of daily life.

Belfast Telegraph