In a statement announcing the fourth-quarter results, Facebook CEO Mark Zuckerberg said that 'in 2012, we connected over a billion people and became a mobile company'.
According to the report, this is great news for the company, which is figuring out the best way to make money off all those smartphone and tablet users.
The big story this quarter is mobile ads, which the company said accounted for 23 percent of its ad revenue, a huge leap from the third quarter of last year when it was just 14 percent, the report added.