Facebook’s next revenue opportunities: search, messaging and VR
Facebook’s ad revenues soared in its most recent quarter as a focus on video and mobile paid off, but the social network is already positioning for the next wave of revenues in search, messaging and virtual reality.
Facebook’s total revenue was up 59% year on year to $6.4bn (£4.8bn), with ad revenue rising by 63% to $6.2bn (£4.7bn). Of the ad total, mobile made up 84%, with revenues rising 81% year on year.
Facebook credited the huge growth on a “double-digit increa
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