Facebook profits beat expectations as mobile traffic grows

Facebook’s first quarter profits have surprised analysts after falling just 20% since the same period last year.

The tech company’s results were expected to be worse.

Profit for the first three months of 2015 was $512m (£341m), despite revenues rocketing to $3.5bn (£2.3bn) – a rise of 42%.

User numbers also rose by 13% since last year to hit 1.44 billion.

But the best news for the company and its investors was that the number of mobile users had risen to 1.25 billion. This represents a rise of almost a quarter, and means the vast majority of Facebook users are now logging into the service through mobile devices.

“This was a strong start to the year,” said Mark Zuckerberg, Facebook founder and CEO. “We continue to focus on serving our community and connecting the world.”

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