Facebook earnings crush expectations across the board

Facebook (FB) is out with fourth quarter earnings and it is a beat across the board.

Here are the highlights:

• Adjusted earnings per share: $1.41

• Revenue: $8.81 billion

• Monthly active users: 1.86 billion

• Daily active users: 1.23 billion

• % of ad revenue from mobile: 84%

Via Bloomberg, here’s a quick snapshot of what investors were looking for from the social media giant:

• Adjusted earnings per share: $1.31

• Revenue: $8.5 billion

• Monthly active users: 1.84 billion

• Daily active users: 1.21 billion

• % of ad revenue from mobile: 85%

In after hours trade, shares of the company were up about 3%.

In a statement, Facebook CEO Mark Zuckerberg said, “Our mission to connect the world is more important now than ever. Our business did well in 2016, but we have a lot of work ahead to help bring people together.”

Here are the charts from the company with some of its key metrics:

In a note out ahead of Facebook’s report, Deutsche Bank analysts said that the tone on the company’s earnings call would matter more than the company’s results.

Last quarter, Facebook said that 2017 was be an “aggressive” investment year for the company. The company also said last quarter that its News Feed was nearly saturated with ads.

Facebook has been under fire for the role it played in the election, particularly over the spreading of fake news, and has undertaken a number of initiatives to tighten procedures on its platform, including announcing the Facebook Journalism Project in January.

Bloomberg data indicated that options markets had been anticipating a roughly 6% swing on this news, and shares of the company had risen after 7 of its previous 12 earnings announcements. Facebook’s adjusted earnings per share have now topped estimates in each of the last 13 quarters.

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Myles Udland is a writer at Yahoo Finance. Follow him on Twitter @MylesUdland