Watch: As Facebook reports a rise in mobile advertising revenue, analysts say Asia offers the firm plenty of room to grow further.
Facebook has reported a jump in mobile advertising revenue, easing investor concerns over its future growth.
There have been doubts over Facebook's ability to sell adverts on mobile devices, not least due to their small screen size. Investors had feared that its growth may be hurt as a result.
However, Facebook said 30% of its $1.25bn (£803m) advertising revenue in the first quarter came from mobile.
It reported a net profit of $219m for the January to March quarter.
"We've made a lot of progress in the first few months of the year," said Facebook's founder Mark Zuckerberg.
But increased spending on infrastructure, together with the fact the firm now employs more people than it did a year ago, contributed to a 60% jump in costs and expenses to $1.1bn in the quarter.
'They are delivering'
Ever since its launch, Facebook has enjoyed tremendous growth and has gone on to dominate the social networking sector.
However, an increasing number of users are accessing the site on their mobile devices such as smartphones and tablet PCs.
The screens of these gadgets are much smaller compared with traditional PCs or laptops. That had led to concerns that Facebook may find it tough to sell advertising space on these and turn its online dominance into profits.
These concerns have hurt the firm's share price ever since its high profile initial public offering (IPO) last year.
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