Facebook mobile revenue grows faster than expected

Facebook grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped reassure investors that the world’s No 1 social network is beginning to figure out how to earn money off smartphone and tablet users.

The company now gets 14 per cent of its advertising revenue from mobile ads, translating into more than US$150 million – a surge from an estimated US$40 million to US$50 million in the second quarter and almost nothing in the first.

via Business feed http://www.scmp.com/business/companies/article/1068500/facebook-mobile-revenue-grows-faster-expected