Despite earlier warnings of a potential slowdown in ad spend, Facebook’s revenue growth remains in rude health, with the social network posting revenues of $9.3bn for the three months to June 30.

This is based on the back of continued strong advertiser demand for reach users on their mobile phone, such ad spend now make up 87% of Facebook’s total revenue.

The numbers were released earlier today (July 26) and represent a 45% year-over-year rise, with the company experiencing a 47% annual increase in ad spend ($9.16bn) plus payments revenues of $157m (although this was down compared to $197m during Read full story ›

Source: The Drum