Facebook profit jumps as ad revenue climbs

Facebook on Wednesday reported that its quarterly profit jumped 33 per cent from last year to US$696 million (S$941 million) as advertising revenue and membership grew at the leading social network. -- PHOTO: AFP
Facebook on Wednesday reported that its quarterly profit jumped 33 per cent from last year to US$696 million (S$941 million) as advertising revenue and membership grew at the leading social network. -- PHOTO: AFP

SAN FRANCISCO (AFP) - Facebook on Wednesday reported that its quarterly profit jumped 33 per cent from last year to US$696 million (S$941 million) as advertising revenue and membership grew at the leading social network.

The California-based Internet titan said that revenue in the final quarter of last year hit US$3.85 billion as the number of active monthly users increased 13 per cent to 1.39 billion.