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Social media giant Facebook (FB - Analyst Report) reported Q2 earnings after the bell Thursday, and as usual the company did not disappoint. GAAP earnings per share (EPS) reached 30 cents on revenues of $2.9 billion in the quarter, both of which beat Zacks consensus estimates of 26 cents and $2.85 billion, respectively. "We had a good quarter," said CEO Mark Zuckerberg.

One year after Facebook finally broke through with a positive earnings report when the company demonstrated it had solved its "mobile problem" -- the stocks have soared 170% since then -- Zuckerberg's company now claims mobile ads make up 62% of Facebook's revenues. Daily active users (DAU) rose to 829 million and monthly active users (MAU) totaled 1.32 billion, 1.07 billion of whom are mobile MAUs. This amounts to a 31% increase year over year in mobile MAUs.

Further, revenues gained over $1 billion year over year in its fiscal Q2, amounting to an increase of 61%. In fact, $2.68 billion of its $2.91 billion in total revenues came from advertising. Facebook's 15.4% positive earnings surprise also marks the third such surprise in EPS of the past four quarters -- all of which reached double digits.

The after-market initially had a "sell the news" moment, where FB shares dipped 1.8%, giving back most of its nealy 3% gain by the close of regular Thursday trading. As of this moment, Facebook shares are up another 4% in late trading.

Facebook has grown 30% year-to-date, with no signs of letting up. Let's face it: Facebook not only solved its "mobile problem," one year later it's absolutely crushing it.

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