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Facebook profits surge on mobile ads

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.

  • 24 Jul 2014
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