Facebook reported a 195% jump in first quarter profit as the company continued to generate new advertising income.
It reported $1.5bn (£1bn) in earnings for the period between January and March, compared to $512m last year.
As well as enticing advertisers to new products like live video, Facebook boosted sales on existing services.
Facebook also proposed a new class of shares, which will allow founder Mark Zuckergerg to sell his shares without losing control of the company.
The company said the move will “encourage Mr Zuckerberg to remain in an active leadership role at Facebook”.
Facebook shares rose over 9% in after-hours trading.