Tencent Securities News Beijing time on the evening of July 27th news, according to CNBC, Facebook Inc's share price rose more than 5%, the market capitalization exceeded 500 billion US dollars. Earlier, the company reported a sharp year-on-year increase in net profit in the second quarter, mainly due to a surge in sales of mobile video advertising.

Facebook Inc's share price is up 5.60% to $174.88 per share, with a market capitalization of $506.8 billion.

The following is a summary of Facebook Inc's second quarter results:

Earnings per share: $1.32, compared with analysts' average expectations of $1.13, according to a Thomson Reuters poll

Revenue: $9.32 billion, compared with analysts' average expectations of $9.2 billion, according to a Thomson Reuters poll

Mobile ad revenue: $8 billion, compared with analysts' average expectations of $7.68 billion, according to a StreetAccount survey

Number of monthly active users: 2.01 billion, compared with an average of 1.98 billion expected by analysts in the StreetAccount survey

Capital expenditure: $1.44 billion, compared with analysts' average expectations of $1.73 billion, according to the StreetAccount survey.

Facebook Inc has been adding more video and display ads to the company's mobile apps as more and more consumers start surfing the Internet through smartphones. Facebook Inc is expected to launch a short video program similar to TV this summer.

Mobile ad sales now account for the majority of Facebook Inc's revenue, reaching $8 billion in the second quarter, exceeding analysts' expectations.

The digital video advertising market (excluding traditional TV ads) is expected to grow 17% this year to $11.7 billion, according to research firm eMarketer.

Facebook Inc's revenue growth rate is twice that of Alphabet's Alphabet Inc-CL C division, which reported a 19 per cent increase in second-quarter sales earlier this week.