Tag: facebook mobile

The leading social media network has increased its advertising spending limit twice over.

Facebook Inc. has just revealed that the mobile marketing budget for the next quarter will be double that of what it was during the previous quarter, as it aggressively moves forward into the smartphone and table environments.

The social network leader has stated that these devices are among its primary goals.

Though Facebook has been experiencing considerable growth through its mobile marketing, last quarter’s progress was not as great as some of the more aggressive estimates from Wall Street had predicted. The company has expressed that broadening its reach through smartphones and tablets will be a vital step as a rapidly growing percentage of its more than one billion global users start to access their profiles by way of these devices.

The company’s mobile marketing business overall grew at the fastest pace it has seen since last May.

It was in that month that the initial Facebook public offering occurred. This mobile marketing growth assisted the business in growing its revenues by 40 percent. Those achievements were considerably greater than the targets set by Wall Street.

Just ahead of this announcement, the shares of Facebook had been riding steadily at $31.24 (US). However, immediately following the release of the new doubled mobile marketing budget, the shares dropped 8 percent, only to recover after hours that day. According to an analyst from Raymond James, Aaron Kessler, “Overall solid quarter but maybe high expectations going into the quarter.”

Facebook, itself, has stated that 23 percent of its total ad revenue comes from its mobile marketing business. This represents a considerable increase over its 14 percent from the third quarter.

Kessler also pointed out that he, and some other investors, may have been expecting more substantial results from the mobile marketing business. He stated that “Mobile revenue was expected to be a little higher.”

Facebook’s finance chief, David Ebersman, was the one to express that the social network had “basically doubled” its mobile marketing ad revenue from the Q3 2012 to the last quarter. He pointed out that half a year ago, there was no revenue over that channel at all, but that “In the course of a pretty short period of time, we’ve dramatically ramped up our ability to monetize mobile.”

Facebook generates hype with focus on mobile marketing

Facebook is expected to report in full 2012 earnings by the end of January, which is likely to have investors paying close attention to the social networking company. Facebook went public in 2012, but experienced lackluster participation from investors, who were unwilling to meet the company’s own predictions of its share price. Investors are likely to be interested in the mobile advertising efforts that Facebook has been making in recent months. The company’s focus on mobile marketing may help rekindle the interest investors had in Facebook once upon a time.

Facebook adopts more aggressive stance in mobile space

Facebook has been introducing a multitude of new features in recent months. Many of these features are designed to make the social network easier to use by consumers. A significant portion of features have been added to benefit companies and advertisers looking to connect with these consumers. Mobile marketing has been one of the key focuses of Facebook in this endeavor, and the social network has been providing advertisers with better tools to engage their audiences.

Graph Search may be a major victory for Facebook

Earlier this month, Facebook introduced a new search function that opened the gateway for location-based services and better targeting of consumers for advertisers. The Facebook Graph Search, as it is called, allows marketers to make use of keywords to find promising demographics on the social network. These advertisers can then find out where these consumers live, what they like, and make use of other information that could be vital to the development of an engaging mobile marketing campaign.

Third quarter reports show that mobile focus has benefitted Facebook

Mobile marketing is expected to help Facebook see some growth. Thus far, Facebook’s focus on the mobile space has yielded significant benefits, with the company’s shares registering an increase of 35% in the third quarter of 2012. Whether the fourth quarter will produce similar results has yet to be seen, but investors are likely to pay close attention to the company’s future mobile marketing efforts, as long as Facebook can continue seeing progress therein.