Facebook Mobile Gains Spur Revenue Growth

Date: Oct 24 2012

Filed under: Company News, Facebook

Mark Zuckerberg, founder and chief executive officer of Facebook Inc.,By Alexei Oreskovic

SAN FRANCISCO (Reuters) – Facebook Inc (FB) posted a 32 percent jump in third-quarter revenue to $1.26 billion, as the company reignited advertising growth with the help of larger-than-expected gains in mobile.

The company’s shares leapt 9 percent to $21.22 in after-hours trading on Tuesday.

Advertising revenue increased 36 percent year-on-year to $1.09 billion, but revenue from its payments and other businesses increased just 13 percent to $176 million.

Mobile revenue…

Facebook Mobile Gains Spur Revenue Growth originally appeared on DailyFinance.com on 2012-10-23T17:05:00Z.

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