Facebook+doubles+fourth+quarter+profits+to+%241.56bn
Thursday, 28 January 2016 - 12:39
Facebook doubles fourth quarter profits to $1.56bn
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Social media giant Facebook said that profits more than doubled in the fourth quarter of 2015.

Net profit for the three months to December rose to 1.56 billion dollars, up from 701 million dollars.

The company also said that 80% of its advertising revenue in that period came from mobile advertising, up from 69% a year earlier.

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