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Facebook has announced its financial results for the fourth quarter of 2015 and also its full results for 2015.

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The company’s total revenue rose to $5.84bn (£4.10bn) from $3.85bn (£2.7bn) a year earlier, with ad revenue increasing 56.8 per cent during the Christmas holiday shopping period, when spending on advertising normally peaks.

It was yet another beat for Facebook, as the social media behemoth reported earnings for the fourth quarter of 2015 on Wednesday.

Fourth-quarter net income more than doubled to US$1.56 billion, or 54 cents a share, from US$701 million, or 25 cents, a year earlier.

The company’s total revenue rose to $5.84bn (£4.10bn) from $3.85bn (£2.7bn) a year earlier, with ad revenue increasing 56.8 per cent during the Christmas holiday shopping period, when spending on advertising normally peaks.

EMarketer predicted Facebook will capture one in every five mobile-advertising dollars in the United States this year and that Instagram will make up 20 percent of Facebook’s revenue from mobile devices.

Facebook’s 2015 fourth-quarter results particularly highlight the fact that the 52 percent year-on-year increase in the company’s revenue during the reporting quarter marks the first time that Facebook’s quarterly revenue has exceeded $5 billion.

Facebook’s stock jumped more than 14 percent to $107.95 after the company reported a blockbuster quarter on Wednesday, pushing the company’s market capitalization over $300 billion. The company’s revenue was $5.84 billion, up 52% from $3.85 billion in the same...

Facebook has just posted its earning results for the quarter and the year, and the standout bits are that it smashed financial records and has on average 1.04 billion daily active users – most of which log on from mobile devices.

Total revenue rose 52% to $5.84bn from $3.85bn a year earlier, with ad revenue jumping 57% to $5.64bn in the holiday shopping period, when spending on advertising typically increases.

Facebook shares jumped as much as 6.4% in extended trading.