Facebook Revenue, Users Top Estimates as Mobile Ads Surge

Updated on
  • Sales climb 59%, with mobile bringing in 84% of ad revenue
  • ‘Instagram is making a real contribution,’ COO Sandberg says

Why Facebook's Mobile Ad Dominance Is Just Beginning

Facebook Inc. shares jumped after the company reported second-quarter revenue that beat analysts’ projections, lifted by surging sales of video and Instagram ads and a boost in users.

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