Jul
27
Facebook Rides Video to More Than $6 Billion in Ad Sales
Posted in: Uncategorized
In what could be the understatement of the summer, Facebook CEO Mark Zuckerberg kicked off a statement of the company’s earnings on Wednesday by saying, “Our community and our business had another good quarter.”
The social network had its best quarter ever, in fact, with $6.2 billion in ad revenue, an increase of 63% from the quarter a year earlier and an accelerated rate of growth.
In contrast, rival Twitter talked Tuesday about a slowdown in advertiser interest and posted just $600 million in revenue for the quarter.
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