Breaking News

Tweet TWEET

Facebook’s Instagram to Expand Advertising Outside U.S.

Facebook Inc. (FB)’s photo-sharing application Instagram will add advertising in Canada, the U.K. and Australia later this year as Chief Executive Officer Mark Zuckerberg seeks to generate more sales from mobile users.

The application, which Facebook acquired for about $700 million in 2012, started to gradually introduce advertising six months ago to avoid alienating its user base, which now includes more than 200 million members.

Facebook is aiming to make more money off its international users, which make up the majority of members. Instagram ad sales will be a key part of Facebook’s mobile strategy, which now includes several applications such as Messenger and Paper, and messaging program WhatsApp Inc. after the $19 billion acquisition closes.

“The results for advertisers have been positive -- and in some cases, well above the ad industry’s average for performance,” Facebook said in the blog post. “We’re excited to build on this momentum, and in the coming months we will extend the same level of care and consideration as we introduce ads on Instagram to our global community.”

To contact the reporter on this story: Sarah Frier in San Francisco at sfrier1@bloomberg.net

To contact the editors responsible for this story: Pui-Wing Tam at ptam13@bloomberg.net Reed Stevenson

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.