Media playback is unsupported on your device

Facebook profits surge on mobile ads

24 July 2014 Last updated at 02:28 BST

Facebook has announced a 138% rise in net income for the second quarter to $791m (£464m).

Revenue from advertising, which makes up most of Facebook's income, was $2.68bn, up 67% compared with the second quarter of 2013.

Adverts on mobile devices now account for 62% of advertising revenue, which is a spectacular rise as mobile ads accounted for almost nothing in 2012.

Analyst Tim Charlton gave his reaction to Facebook's latest set of results.

Watch more reports on Asia Business Report's website.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.