Facebook’s holiday quarter beat analyst expectations with $3.85 billion in revenue, up from almost $2.6 billion during the same period a year ago. The consensus among analysts surveyed by Thomson Reuters estimated $3.77 billion in revenue, which is a good sign for the social networking company.
The company’s profit for the quarter totaled $1.5 billion, which translates to earnings of 54 cents a share. That beats analyst expectations by 6 cents, and is up year-over-year from 32 cents a share during the same period in 2013.
During the quarter, Facebook had an average of 1.39 billion monthly active users, an increase of 13 percent year-over-year, and above analyst expectations. Facebook had an average of 890 million daily active users on its platform during that time.
The share of people using Facebook on their mobile devices continues to grow, with the company reporting an average of 1.19 billion mobile monthly active users. That’s an increase of 26 percent year-over-year. 526 million of those monthly users only accessed Facebook through their mobile devices.
Mobile continues to be an important part of the company’s revenue stream as well – mobile ad revenue made up 69 percent of Facebook’s $3.59 billion in total ad revenue. Both of those numbers are a significant increase year-over-year: Facebook brought in $2.59 billion in ad revenue during the same period last year, with roughly 53 percent of that coming from mobile.
Facebook’s shares plunged immediately after the earnings release in after hours trading, but have risen to be roughly in-line with its closing price as of this writing.
The company’s financial results are embedded below.