European Enterprise Networking Market Records Strong Quarter
The European Networking market grew by 32.6% year on year in the first quarter of 2023, according to IDC.
Facebook's strong mobile advertising business helped the social network beat expectations on both the top and the bottom line in the third quarter of 2017. Revenue grew 47 percent to $10.33 billion as the company’s profit jumped 79 percent to $4.71 billion.
When Facebook started selling mobile advertising space in 2012, not even the keenest optimists could have predicted how lucrative this decision would turn out to be. Mobile advertising has accounted for more than 90 percent of Facebook’s revenue growth ever since and currently drives 86 percent of the company's total revenue.