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Social media giant Facebook has reported its third quarter earnings today, with a more than 50 percent increase over the same period last year.

The company brought in $7.1 billion, with a net income of $2.37 billion, which is a massive increase of more than 165 percent compared to its profit for the same period in 2015.

The company at the moment has over a billion people on mobile alone everyday.

84 percent of its ad revenue for the quarter came in from advertising.

Third Quarter 2016 Operational Highlights

  • Daily active users (DAUs) – DAUs were 1.18 billion on average for September 2016, an increase of 17% year-over-year.
  • Mobile DAUs – Mobile DAUs were 1.09 billion on average for September 2016, an increase of 22% year-over-year.
  • Monthly active users (MAUs) – MAUs were 1.79 billion as of September 30, 2016, an increase of 16% year-over-year.
  • Mobile MAUs – Mobile MAUs were 1.66 billion as of September 30, 2016, an increase of 20% year-over-year.

Third Quarter 2016 Other Financial Highlights

  • Mobile advertising revenue – Mobile advertising revenue represented approximately 84% of advertising revenue for the third quarter of 2016, up from approximately 78% of advertising revenue in the third quarter of 2015.
  • Capital expenditures – Capital expenditures for the third quarter of 2016 were $1.10 billion.
  • Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $26.14 billion at the end of the third quarter of 2016.