The company has launched a slew of new e-commerce products such as Facebook
Pay and Facebook Shops that enable in-app purchases across the company's suite of apps, including Instagram and WhatsApp.
Total revenue, which comprises primarily of advertising revenue, rose to $28.07 billion in the fourth quarter ended Dec. 31 from $21.08 billion, a year earlier.
Analysts on average estimated quarterly revenue of $26.44 billion, according to IBES data from Refinitiv.
Net income came in at $11.22 billion, or $3.88 per share, compared with $7.35 billion, or $2.56 per share, a year earlier.
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