Facebook handily beat Wall Street's estimates for its first quarter and announced its CFO, David Ebersman, is stepping down.
Ebersman will be replaced by former Zynga CFO David Wehner.
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"David has been a great partner in building Facebook, and I'm grateful for everything he's done to help make the world more open and connected," Facebook CEO Mark Zuckerberg said in a press release. "David set us up to operate efficiently and make the long term investments we need, and built an incredibly strong team including Dave Wehner, our next CFO. I look forward to working with Dave in his new role."
The company posted revenues of $2.5 billion for the quarter versus the consensus estimate of $2.36 billion. Earnings per share came in at $0.34, compared to the expected $0.24.
Facebook also reported that it now has 1.28 billion monthly active users and 1.01 billion monthly active users on mobile. Mobile advertising also now accounts for 59% of total ad revenues, up from 53% last quarter.
At the time of writing, the company's stock price was up about 1% in after-hours trading, though it had dipped as low as 6%.