Join Transform 2021 this July 12-16. Register for the AI event of the year.


Facebook brought in $2.96 billion in advertising revenue in the third quarter of this year, up from $1.8 billion in the third quarter of 2013.

The social network continues to highlight its mobile advertising revenues, which comprise 66 percent of total ad revenues. That figure is growing steadily. Last quarter the company reported mobile revenues were 62 percent of total advertising revenue.

Facebook has been pushing mobile advertising this quarter with the launch of its new cross-platform advertising network Atlas, which it announced at the end of September. The company purchased Atlas from Microsoft last year and revamped the platform to leverage Facebook’s vast store of personal data. Analysts expect the new ad platform will help Facebook better compete against Google, which currently holds the lion’s share of the digital ad market.

In addition to Atlas, Facebook opened up its mobile ad platform, Audience Network, to all advertisers in early October. The company also unveiled local awareness ads, which will allow local businesses to target users based on proximity. The location-based ads will also enable merchants to include a call to action in the promotion.

Last quarter COO Sheryl Sandberg promised that Facebook would be sojourning further into the world of video-based advertising, largely as a result of the acquisition of LiveRail. Earlier this month, comScore noted that Facebook had surpassed YouTube in terms of video views on desktop. We’re still waiting to see what the social network can do with mobile video.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member