Facebook profits continue to grow

With $2.05 billion profit in the last quarter, Facebook continues to outperform Twitter.

Facebook’s latest quarterly results show an increase in profits of 186% year on year.

Revenues from mobile advertising formed 84% of the platform's ad revenue in Q2 – up from 76% last year.  Its monthly active users figures continue to grow much faster than Twitter’s (up 15% for Facebook; only 3% for Twitter).

While Facebook has been outperforming expectations, Twitter’s latest results show it has failed to meet its revenue targets.

For more in-depth figures, see Social Media Today.

Sources: BBC.