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Facebook profit down

Author
AAP ,
Publish Date
Thu, 23 Apr 2015, 3:17PM

Facebook profit down

Author
AAP ,
Publish Date
Thu, 23 Apr 2015, 3:17PM

Facebook says profit in the first quarter fell by 20 per cent from a year ago to $US509 million ($A660 million), but reported healthy growth in revenue and its user base.

The world's biggest social network said overall revenues jumped 42 per cent to $US3.5 billion, led by advertising gains, and the key number of monthly active users grew 13 per cent from a year ago to 1.44 billion.

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