Facebook's latest earnings announcement has reported mobile advertising revenue represents 91% of total advertising revenue for Q1 2018, up from 85% in Q1 2017. Daily active users increased 13% YoY to an average of 1.45bn for Monthly. March 2018 active users also increased 13% YoY. The results come amid a period of negativity for Facebook, under fire for storing data on facial recognition from photos without user permission. A US judge said the company could face a class-action lawsuit in regard to this, according to multiple media reports.
Facebook's latest earnings announcement has reported mobile advertising revenue represents 91% of total advertising revenue for Q1 2018, up from 85% in Q1 2017. Daily active users increased 13% YoY to an average of 1.45bn for March 2018. Monthly active users also increased 13% YoY. The results come amid a period of negativity for Facebook, under fire for storing data on facial recognition from photos without user permission. A US judge said the company could face a class-action lawsuit in regard to this, according to multiple media reports.