Tech giant reports 82% mobile ad revenue

Facebook's are probably popping a lot of champagne bottles right now. The tech giant beat Wall Street estimates at its Q1 earnings call on Thursday by a huge margin and that has put it in the good sights of investors.

According to the company, mobile advertising revenue represented approximately 82% of advertising revenue for Q1 2016 - up 73% in the same quarter from 2015.

Facebook posted a total revenue of $5.4 billion, a 52% increase compared to the same time frame last year. It also posted 77 cents per share in earnings beating the 62 cents per share which analysts estimated.

Check out the highlights from Facebook's earning call showing all the places the company is flourishing:

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The company also announced a new non-voting stock option that will allow founder and CEO Mark Zuckerberg retain control and give away the many millions which he has promised to donate.