Facebook shares surged by over 25 percent in early trade after posting net income of $333 million in the April-June quarter on the back of rising mobile advertising revenue.
The company had reported a loss of $ 157 million in the year-ago period.
Revenue totalled $1.81 billion in the second quarter, an increase of 53 per cent from $ 1.18 billion a year earlier, the social networking giant said in a statement.
Buoyed by the better-than-expected performance, Facebook shares opened above $33 apiece on the Nasdaq, the highest opening price since last May, when the company went public at $38 a share.
Revenue from advertising grew 61 per cent to $ 1.6 billion in the quarter over the year-ago period.
Mobile advertising revenue accounted for 41 per cent of the total. In the first quarter, mobile advertising revenue was about 30 per cent of the total of $ 1.25 billion.