- Shares in the Silicon Valley-based technology giant were up five percent in after-market.
SAN FRANCISCO: Facebook reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers.
The leading social network said it made $5.2 billion on $18.7 billion in revenue in the recently ended quarter, as the number of people using the platform monthly rose to 2.7 billion.
"We're glad to be able to provide small businesses the tools they need to grow and be successful online during these challenging times," said Facebook chief executive Mark Zuckerberg.
Shares in the Silicon Valley-based technology giant were up five percent in after-market trades following release of the earnings figures.