Wall Street reacted strongly to Facebook’s Q2 2013 earnings, sending the social-media platform’s stock surging 16.75% in after-hours trading to $30.95 per share.

Facebook posted earnings per share of 19 cents on revenue totaling $1.81 billion, an increase of 53% compared with $1.18 billion in Q2 2012. Analysts had predicted Facebook’s earnings per share would come in closer to 14 cents. Much of that revenue increase was driven by advertising, something Facebook has been working hard to incorporate effectively on its platform since going public in May 2012. Advertising was up 61% from the same quarter last year to $1.6 billion, representing 88% of total revenue. Mobile represented 41% of total revenue.

Payments and other fees were $214 million for the second quarter, up 11% from last year at this time.

In addition, daily active users numbered almost 700 million in June 2013, an increase of 27% from last year. Similarly, monthly active users were 1.15 billion as of June 30, 2013, an increase of 21% over last year.

Mobile monthly active users were 819 million as of June 30, a 51% year-over-year increase, while mobile daily active users came in at 469 million.

Brief Take: Facebook has 700 million daily active users and 1.15 billion monthly active users. Is there a bigger marketing platform on earth?

Read more at Forbes and AllThingsD

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