Facebook's Q4 Revenue Beats Analysts' Predictions
Posted: 1/31/2013 | By: Alexander C. Kaufman | The Wrap
Facebook posted $1.59 billion in revenue in the fourth quarter on Wednesday, beating analysts' $1.53 billion prediction.
The world's largest social network -- with 1.06 billion active monthly users as of Dec. 30 -- has been hoping for more revenue from its mobile offerings. It delivered, with mobile revenue representing 23 percent of its ad revenue.