Facebook’s Payments, Platform Revenues Barely Budge For A Third Quarter
Kim-Mai Cutler is a technology journalist who has worked for Bloomberg, VentureBeat and The Wall Street Journal. Before she joined TechCrunch, she led mobile coverage at Inside Network, a six-person media startup that was acquired by WebMediaBrands in 2011 for $14 million in cash and stock. She specializes in covering gaming, distribution and monetization of mobile applications and venture... ? Learn More No early Google-style growth here. Facebook’s payments revenues barely budged for a third quarter as gaming activity increasingly moved onto mobile devices. The company also hasn’t really started taking revenue share from apps in other verticals like music and media yet either, so that means there aren’t any new engines for platform revenue growth — yet. The company’s $192 million in payments revenue is barely an inch above the $186 million it made last quarter or the $188 million it made in the holiday quarter. On top of slowing advertising revenue growth, this means that the second...