Facebook announced its quarterly earnings report, revealing that the company generated revenues of $8.8 billion during Q4 2016, a 51 percent increase year-on-year. For the entire year, the company generated $27.6 billion in revenue, which was a 54 percent increase as compared to 2015. Facebook also noted that that mobile advertising revenue made up for about 84 percent of the entire advertising revenue for Q4 2016.
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