Facebook reports 186% profit increase year on year
Facebook has posted another exceptional quarter of growth, with profit up 186% from this time last year.
Facebook earned $2bn in the period from April to June, up from $719m in 2015.
Analysts had anticipated revenue of $5.8bn, but the company managed to beat even those high expectations bringing in $6.4bn in revenue.
Chief executive Mark Zuckerberg said the company was particularly pleased with the growth in video.
"Our community and business had another good quarter," he said.
"We're particularly pleased with our progress in video as we move towards the world where video is at the heart of all our services."
Shares of the social media giant climbed nearly 7% in after-hours trading.
Read more at BBC.