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. Facebook is also reporting that it saw a significant increase in the number of people who use its platform to share content with their friends and family on Facebook, as well as an increased usage rate by users 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.
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.