Facebook profit surges 76.6 percent as ad sales jump | Reuters
Facebook Inc (FB.O) reported a 76.6 percent surge in quarterly profit on Wednesday, fueled by robust growth in its mobile ad business.Mobile ad revenue accounted for 85 percent of the company's total advertising revenue of $7.86 billion in the first quarter ended March 31, compared with 82 percent a year earlier. Analysts on average had expected total ad revenue of $7.68 billion, according to financial data and analytics firm FactSet.
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