Facebook game revenue strong, even as desktop user population declines
Game revenue at Facebook was strong for the past quarter, the company said yesterday, even as the population of desktop users is on the decline.
The company's "total payment and other fees" revenue (which is made up largely of game revenue), was $241 million for the fourth quarter ended December 31.
That's down 6 percent compared to the same quarter of last year -- but last year, due to an accounting adjustment, the comparable quarter was stretched to four months.
On an "apples to apples" basis, payments revenue from games specifically grew 8 percent year on year, "despite the fact that our Payments revenue from Games is limited to our desktop users, a population thatís declining," Facebook explained.
Facebook has been continuing to make a transition to mobile in order to adapt to a declining desktop user base. Overall, the company, which makes the large majority of its revenues from advertising, posted big profits during the quarter of $1.13 billion and revenue of $2.6 billion.