Facebook Posts $1.5 Billion in First-Quarter Revenue
Profit rose to $219 million from $205 million last year.
Facebook posted quarterly earnings that neither thrilled or depressed investors, who were reacting by bidding shares a few pennies higher in the after-hours session on Wall Street.
During the first quarter, the world's dominant social network posted $1.5 billion in revenue, up from $1.1 billion in the same quarter a year ago. Profit rose to $219 million from $205 million last year.
The company said that mobile ads -- always a closely watched metric of Facebook's potential -- accounted for 30 percent of its advertising revenue during the quarter, up from 23 percent in the fourth quarter.
Analysts liked the mobile number, but were saying Wednesday that profit was shy while revenue was above expectations.
"We've made a lot of progress in the first few months of the year," said Mark Zuckerberg, Facebook founder and CEO. "We have seen strong growth and engagement across our community and launched several exciting products."
- Prince Takes Over the 'Arsenio Hall Show,' Debuts New Funky Song
- A Train, a Trestle and 60 Seconds to Escape: How 'Midnight Rider' Victim Sarah Jones Lost Her Life
- 'Divergent' Star Shailene Woodley: The Next Jennifer Lawrence?
- 'Noah' Banned in Several Middle Eastern Countries
- Lindsay Lohan's OWN Series Gets First Official Trailer (Video)
- MOST SHARED
- MOST POPULAR
- Russell Brand Says There's Only One Explanation For Philip Seymour Hoffman's Death (VIDEO)
- This Guy's Acapella Version Of Mike Tyson's 'Punch Out' Will Make You Nostalgic (VIDEO)
- Conan O'Brien Gives Body-Slam Filled Review Of The WWE 2K14 Video Game
- George Lopez Returns With 'Saint George' And Talks Diversity On Television (VIDEO)