Facebook almost doubled last year's profit.

The net profit of the largest social network in the world Facebook on the basis of 2014, amounted to 2,94 billion dollars, which is 96% higher than in the previous year.

In addition, in the fourth quarter, profits exceeded 701 million. This is 34% higher than in the same period last year.

According to the company, Facebook is increasing revenues due to growth in mobile advertising sales; last year it was she who brought in two thirds of total advertising revenue.

The social network has 1,39 billion monthly active users—over the year, the number of users has grown by 13%.

“We managed to do a lot in 2014,” the head of the company, Mark Zuckerberg, said in a statement, writes BBC News.