Facebook has done it again.
The mega social network shattered Wall Street's estimates for sales, profits, user growth and pretty much everything else you can think of with its second quarter earnings report on Wednesday.
The company now has 1.71 billion monthly active users, adding 60 million users from the previous quarter and growing its user base by 15% from the same quarter a year earlier.
On mobile, where Facebook was once thought to be struggling, the company now has 1.57 billion monthly active users, up 20% year-over-year. And if that's not enough, there are 1.13 billion people using the social network every single day, on average.
The company’s strong user growth is remarkable for an Internet company more than a decade old. It also means more eyeballs and more demand from advertisers. The company posted sales of $6.4 billion for the June quarter, up from $4 billion a year earlier.
Not only does Facebook have more users to make money off of - it's also making more money off each of them. Facebook made $3.82 per user on average worldwide in the most recent quarter, up from $2.76 a year earlier. Much of that growth came from users in the U.S.
Facebook's stock, already trading at all-time highs on Wednesday, shot up by more than 5% in after-hours trading.
Facebook now has four products with one billion users or more: Messenger, WhatsApp, Groups and Facebook proper. Facebook has laid the groundwork to make money from the messaging app by encouraging users to communicate more with businesses. There are no limits for Facebook.
