Facebook is giving Chief Financial Officer David Ebersman a sweet send-off.
The social-networking company reported boffo first-quarter results on Wednesday and said Ebersman would step down after five years.
Total revenue jumped 72 percent to $2.5 billion, topping estimates for $2.36 billion.
Fueled by the company’s mobile moves, ad revenue grew by 82 percent — an eye-popping figure that Eberman said would be tough to sustain in the long term.
Profit almost tripled to $642 million, or 25 cents a share, compared with $219 million last year.
The Street expected adjusted earnings of 24 cents a share on revenue of $2.36 billion.
Shares climbed 3.6 percent, to $63.75, in extended trading after the release of results. The stock fell 2.65 percent, to $61.36, at the close.
Along with the results, Facebook said Ebersman would be succeeded by David Wehner, Facebook’s vice president of corporate finance, on June 1.
Ebersman stunned investors last fall when he said that Facebook was seeing a decline in its teen-user base. The admission sent the shares plummeting 15 percent.
This earnings call went much smoother.
The social-media giant run by Chief Executive Mark Zuckerberg saw an average of 802 million daily active users in March, an increase of 21 percent from the year-earlier period. Monthly active users jumped 15 percent.
Facebook posted results the same day regulators cleared its $2 billion acquisition of Oculus VR, a maker of virtual reality goggles.
It also struck a deal for mobile service WhatsApp for $19 billion in the first quarter.