Facebook sales, driven by mobile, shoot up nearly 60%
Facebook continues to reap rewards in mobile, growing its crucial ads business in large part due to ads placed on smaller screens, the company reported Tuesday.
Total sales for the third quarter ended Sept. 30 amounted to $3.2 billion, up 59 percent from the same period last year, and beating consensus analyst expectations of $3.12 billion, as polled by Thomson Reuters.
Roughly two-thirds of sales, or 66 percent, came from ads placed on mobile devices, Facebook reported, up from just under half of all revenue coming from mobile a year ago.
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