Facebook shares shot up 12% after the giant social network said it earned 79 cents a share on revenue of $5.84 billion in the fourth quarter, easily topping Wall Street estimates.
Facebook topped $5 billion in quarterly revenue for the first time, up 52% from a year ago.
It was also the first quarter in which Facebook posted more than $1 billion in quarterly net income.
Facebook was expected to report earnings of 68 cents a share, excluding certain expenses, up from 54 cents a year ago, according to S&P Capital IQ.
Analysts expected revenue of $5.37 billion.
