---
title: Facebook Just Had a Great Quarter
description: Facebook cheered investors with big increases in revenue and net income, after disappointments from Apple and Twitter.
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published: '2016-04-27T20:46:34.000Z'
modified: '2016-04-27T20:46:34.000Z'
section: Business
tags:
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  - facebook
  - facebook earnings
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  - twitter
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![Inside The F8 Facebook Developers Conference](https://img.money.com/2016/04/gettyimages-520672420.jpg?crop=0px%2C0px%2C6016px%2C3384px&quality=85)
*Mark Zuckerberg, founder and chief executive officer of Facebook Inc., speaks during the Facebook F8 Developers Conference in San Francisco, California, U.S., on Tuesday, April 12, 2016.*

Investors had plenty to "like" about Facebook's quarterly earnings announcement on Thursday. The social media giant posted an increase of nearly 52% in quarterly revenue and quarterly net income of $1.51 billion, or 52 cents per share, compared to $509 million, or 18 cents per share, a year prior.

Increased mobile app and video usage strengthened Facebook's advertising revenue, which rose nearly 57% to $5.2 billion, according to [Reuters](http://www.reuters.com/article/us-facebook-results-idUSKCN0XO2K3), which said the investment in video is part of a long-term strategy to get advertisers to migrate from TV to the social network.

Facebook's strong numbers gave hope to the tech investment community, after disappointing [showings](http://www.reuters.com/article/us-tech-results-sentiment-idUSKCN0XO264) by both Twitter and Apple, which posted its first quarterly revenue drop in 13 years.

The company's stock was up nearly 10% in after hours trading as of 4:45PM ET on Wednesday.

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