Live Blog Facebook Q2 Live Blog // NEW YORK (TheStreet) –– Facebook earnings will show how the company has continued to become a mobile first centric social network, as it now generates more than half of its advertising revenue from mobile. Revenue for the first quarter of 2014 totaled $2.5 billion, an increase of 72% year over year, with revenue from advertising coming in at $2.27 billion, an 82% increase from the same quarter last year.