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October 24, 2012 12:31 am GMT
Mirroring the pain that we're seeing across the entire social gaming industry as players shift toward mobile devices, Facebook's payments and fees revenue declined 9 percent quarter over quarter to $176 million from $192 million. The company may be up 13 percent year-over-year in payments revenue, but you can see a clear peak in this revenue stream happening over the first half of the year.Facebook says this figure may rebound this quarter because it's changing the way it recognizes payments revenue. Before, consumers had a month to dispute charges so payments revenue would actually be recording transactions that were at least a month old. This quarter, the company will record payments revenue as it happens, so there might be an artificial bump this quarter.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CTvudv3g-CY/
Facebooks Payments Revenue Feels Some Heat, Declines 9% From Last Quarter
Mirroring the pain that we're seeing across the entire social gaming industry as players shift toward mobile devices, Facebook's payments and fees revenue declined 9 percent quarter over quarter to $176 million from $192 million. The company may be up 13 percent year-over-year in payments revenue, but you can see a clear peak in this revenue stream happening over the first half of the year.Facebook says this figure may rebound this quarter because it's changing the way it recognizes payments revenue. Before, consumers had a month to dispute charges so payments revenue would actually be recording transactions that were at least a month old. This quarter, the company will record payments revenue as it happens, so there might be an artificial bump this quarter.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CTvudv3g-CY/
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