Facebook quarterly profit surges 186% to $2 bn July 27, 2016

Facebook said Wednesday its profit leapt 186 percent from a year ago to $2 billion, as the world's biggest social network blasted past most analyst forecasts for the second quarter.

With its global base of monthly active users growing to 1.7 billion, Facebook saw a 59 percent jump in total revenues to $6.4 billion, mostly from online advertising.

Facebook shares jumped nearly seven percent in after-hours trade on the stronger-than-expected results.

"Our community and business had another good quarter," Facebook founder and chief executive Mark Zuckerberg said.
http://phys.org/news/2016-07-facebook-quarterly-profit-surges-bn.html