30 October 2013 Last updated at 17:23 ET
Social networking giant Facebook reported a 60% surge in revenue, to $2.02bn (1.26bn), in the third quarter, generating profits of $425m.
Revenue from advertising grew by 66% to $1.8bn, with nearly half of that coming from mobile ads.
"The strong results we achieved this quarter show that we're prepared for the next phase of our company," said Mark Zuckerberg in a statement.
Facebook's shares surged 15% in after hours trading.
Shares in the company have nearly doubled in value since July, when it first announced a big jump in its mobile advertising revenue.
The company has made a concerted push to boost its mobile offering, and now says that 874 million of the site's more than one billion users access Facebook on their phone.
Speaking during a conference call, Mr Zuckerburg called Facebook a "mobile company" and noted more than half of people are only using Facebook from their phones.
"It's a pretty incredible sign of how Facebook has evolved as a company," he said.
By growing its mobile users, the company has also been able to sell more mobile ads, a crucial metric that is widely watched by analysts.
Continued here:
Facebook revenue surges 60%
Celebrity chef Jamie Oliver has banned his children from owning a cell phone to protect them from cyber-bullies.
The Tv cook worries his children might be subjected to online bullying due to their famous father and does all he can to ensure they are not using social networking websites.
Oliver is a close friend of Instagram.com founder Kevin Systrom, and regularly updates his own social networking accounts with posts about his family and businesses, but he was furious when he discovered daughters Poppy, 11, and Daisy, 10, had secretly set up accounts on the photo sharing site.
He tells British magazine Closer, "I found out my two eldest girls had set up Instagram accounts in secret, which I was not happy about and soon put a stop to it. Poppy's the only girl in her class still not allowed a mobile. It may sound harsh, but I do worry about the bullying that can go on with these sites.
"I know the girls have had a hard time in the past at school because their dad's on Tv. I just don't want to risk it happening online too. It's impossible to keep an eye on."
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Jamie Oliver Bans Children From Social Networking
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