Facebook doubled its profit in the second quarter thanks to a massive increase in advertising revenue, especially the average price of the ads it delivers to its nearly 3 billion users. But the company said it doesn't expect revenue to continue to grow at such a breakneck pace in the second half of the year.
Separately, Facebook said on Wednesday that it will make vaccines mandatory for employees in the US who work in offices. Exceptions will be made for medical and other reasons. Google announced a similar policy earlier in the day.
The Menlo Park, California-based company earned US$10.39 billion (NZ$14.93 billion), or US$3.61 per share, in the April-June period. That's up from US$5.18 billion, or US$1.80 per share, a year earlier.
Revenue jumped 56 per cent to US$28.58 billion from US$18.32 billion. Analysts, on average, were expecting earnings of US$3.04 per share and revenue of US$24.85 billion, according to a poll by FactSet.