April 25, 2018 / 8:13 PM / 5 months ago

Facebook quarterly profit beats estimates

April 25 (Reuters) - Facebook Inc's first-quarter profit topped analyst estimates on Wednesday, as the social media company's mobile ad business grew from a major push to add more video content on its site.

Net income attributable to Facebook shareholders rose to $4.99 billion, or $1.69 per share, from $3.06 billion, or $1.04 per share, a year earlier.

Total revenue rose 49 percent to $11.97 billion.

Reporting by Munsif Vengattil in Bengaluru; Editing by Bernard Orr

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