Facebook’s announced it’s Q2 2013 earnings today, the results are much better than expected thanks to a massive increase in mobile advertising, it reported its best fiscal quarter to date with revenues of US $1.813 billion and a net profit of US $ 333 million against expectations of  $1.62 billion revenue.

This meant a  30 percent increase over last quarter, Share markets were evidently overjoyed with the results as Facebook’s stock traded up over 17 percent in after hours trading on US bourses.

“We’ve made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile,” said Mark Zuckerberg, Facebook founder and CEO. “The work we’ve done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future.”