For all those wondering if the Harvard dropout could keep his winning streak alive, the social network Wednesday beat Wall Street’s expectations for a fifth straight quarter and saw its shares hit new highs.
Mobile advertising drove a 61 percent increase in revenue in the second quarter. Analysts predicted revenue of $2.8 billion, 55 percent higher than a year ago.
Facebook said that mobile advertising accounted for 62 percent of total sales, up from 41 percent a year ago, as users migrate to mobile devices from desktop computers.
“This is a good quarter for us,” Zuckerberg said in a call with analysts Wednesday, sounding almost blasé.
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