Facebook posts records in quarterly mobile ad revenues, traffic

Facebook (NASDAQ: FB) reported gains in mobile revenues and traffic that outpaced Wall Street expectations. The company said around 84 percent of its 890 million daily users accessed its site from a phone, and around 86 percent of its 1.39 billion monthly users did so from a phone--a record for the company. Article

Facebook said it scored more than $2 billion in mobile ad revenue during its most recent quarter, above analyst expectations. "We're entering 2015 with what we think is the best mobile ad product on the market," Facebook CFO Dave Wehner told Re/code. "Mobile continues to be the strongest driver of our growth." Article

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