Facebook India posts 27% rise in revenues to Rs 123.5 crore

Facebook India posts 27% rise in revenues to Rs 123.5 crore

According to filings with the Registrar of Companies, Facebook posted a 27% hike in its revenues in India. It reported numbers to Rs. 123.5 crore during the year to March 2015 from Rs. 97.6 crore a year earlier.

Facebook India posts 27% rise in revenues to Rs 123.5 crore

However, the social media firm earned less than Rs. 9 per user on an average in the country, its second-largest market outside the United States, where it earned Rs. 630 per user.


The revenue from India is negligible for the California-headquartered firm, which clocked $12.5 billion (nearly Rs 84,000 crore) in global sales and is pushing for a free internet plan in the country to take on search engine firm Google.

Facebook India posts 27% rise in revenues to Rs 123.5 crore

According to experts, marketers are gradually looking to spread their budget across social media platforms and mobile applications.
Facebook's latest venture, Free Basics, a plan to make parts of internet available for free by convincing local telecom companies such as Reliance Communications to cover data charges, could be a game changer. 
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