According to Facebook's results for the second quarter, the social networking giant generated revenue of $1.18 billion in the three months to 30 June 2013, up 53.1 per cent year on year.
Ad revenue was worth $1.60 billion during the quarter, 88 per cent of total revenue and a rise of 61 per cent from the ad revenue generated in the second quarter of 2012. Mobile advertising represented 41 per cent of all ad revenue, or $656 million.
Payments and other fees revenue was $214 million in the three months between April and the end of June 2013, an increase of 11% year on year.
In line with generally accepted accounting practices (GAAP) Facebook's income was $562 million in the three months to the end of June, compared with a loss of $743 million in Q2 2012.
If share-based compensation and related payroll tax expenses are excluded, Facebook's non-GAAP income in Q2 was $794 million, up 54.2 per cent year on year.
Payments and other fees revenue was $214 million for the second quarter of 2013, an increase of 11% from the same quarter last year.
Mark Zuckerberg, the founder and chief executive of Facebook, said: "We've made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile.
"The work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future."