Over 70% of Facebook's revenue in Q1 came from mobile ads

While reporting its first quarter earnings today, Facebook has revealed that it now has 1.44 billion monthly active users and 1.25 billion on mobile, marking a 13% and 24% increase respectively. At least 936 million people use the platform every single day.

By posting revenue totaling $3.45 billion in Q1, Facebook recorded a 42% increase over the same period last year. However, the shift to mobile continued, with 73% of its revenue coming from mobile ads as opposed to 59% for this period last year, reported The Verge.

The company's net income, too, went up by 28% to $1.19 billion.

Facebook also disclosed that it saw more than four billion daily video views.

The social media site's revenue although failed to meet expectations yet, a 42% increase in revenue year over year on 17% daily user growth was remarkable.