Mark Zuckerberg, Facebook founder and chief executive, said: "Our community and business had another good quarter.
"We`re particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services."
The firm put the rise in profits from advertising down to the growth of its mobile app and a push into video.
Facebook`s total advertising revenue rose 63% to $6.24bn, beating the average analyst estimate of $5.80bn.
Company shares rose 6.7% in after hours trading following the announcement.
Facebook has benefited as advertisers have increasingly moved money away from traditional media such as television and print.
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