Facebook has announced its second quarter's earnings, and shows a considerable rise in advertising revenue on mobile.
Facebook has become more of a mobile company now. It makes 62 percent of its advertising revenue on mobile, a dramatic change for a company that had no mobile ads as recently as two years ago, The Verge reported.
Of the 1.32 billion people who use Facebook each month, 399 million, roughly a third, only log in with their phones.
It's important to note that Facebook's monthly user base has grown 14 percent year over year, while it's mobile user base has grown much more, at 31 percent, report said.
Users in the US spend more than 40 minutes per day on Facebook, CEO Mark Zuckerberg says.
