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CHART: Facebook's Ad Revenue Grows To Nearly $1 Billion

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The big news in Facebook's Q2 2012 earnings is its ad revenue stream: It was $992 million for the quarter, up 28% year on year and 14% sequentially from the previous quarter.

That's healthy growth and it suggests that Facebook's 543 million mobile active users, plus all the new ad products facebook introduced during the quarter, had the desired effect: Facebook has shaken off its Q1 doldrums and its ad operations are running full speed ahead.

Total revenue was $1.18 billion, an increase of 32%.

Here's what it looks like (click to enlarge):

facebook q2 2012
Facebook

Disclosure: The author owns 30 shares of Facebook stock.

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How Mobile Ads Affected Facebook's Q2 Revenue

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Jim is the former editor-in-chief of Insider's news division.Previously he was the founding editor of Business Insider UK.He has also been managing editor at Adweek, an advertising columnist at CBS Interactive, and a Knight-Bagehot Fellow at Columbia Business School. His work has appeared in Slate, Salon, The Independent, MTV, The Nation and AOL.His investigative journalism changed the law in the US First Circuit Court of Appeals (U.S. v. Kravetz), the Third Circuit Court of Appeals (North Jersey Media v. Ashcroft), New Jersey (In Re El-Atriss), and New York State (Mosallem v. Berenson).The US Supreme Court cited his work on the death penalty in the concurrence to Baze v. Rees, on the issue of whether lethal injection is cruel or unusual.He won the Neal award for business journalism in 2005 for a series investigating bribes and kickbacks in the advertising business.Here's a selection of his past stories:    The alleged betrayal in these photos, texts, and emails cost Snapchat $158 million    Inside the conspiracy that forced Dov Charney out of American Apparel    The Evolution of Ev: The creator of Twitter, Blogger, and Medium has a plan to fix the mess he made of the internet    THE "KNOCK-IN SHORT": Nigel Farage and the massive bet against the pound on the night of the Brexit vote    eBay worked with the FBI to put its top affiliate marketer in prison    How Dunkin Donuts ended up hiring a psychotic credit card thief as director of communications    BEJEWELED: The definitive, illustrated history of the most underrated game ever   • The CEO of Publicis told us how he stared down a furious internal rebellion to bet the future of his $11 billion company on artificial intelligence   • FBX: The billion-dollar Facebook business that never happened   • The €150 million check-kiting scam that bankrupted Leo Burnett in Greece   • My Polaroids of the September 11 attacks led me into America's secret court system for terrorist suspects   • YouTube deleted 130 rap videos to help police fight street gangs responsible for thousands of stabbingsDisclosure: I own shares of Twitter (TWTR).