Facebook reports its second quarter 2016 results
In December 2015 Facebook rolled out its Live video feature for testing, starting with a very small number of users in the US.
Prior to that, the feature was available for celebrities to share live videos from the Facebook Mentions app.
In April, the company's founder and chief executive officer Mark Zuckerberg took to Facebook to announce the wider availability of the feature for users worldwide to make it easier to create and share live videos.
"Our community and business had another good quarter," said Zuckerberg during the second-quarter earnings, "We're particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services."
In the second quarter, Facebook's revenue jumped 59% to $6.44bn £4.9bn compared to the $6.01bn revenue estimated by analysts in a survey conducted by Bloomberg.