The growth in revenue highlights the impact the six-year-old social network has had on the online world. Facebook is currently the largest social network in the world with half a billion users.
The company, started by Mark Zuckerberg and his Harvard schoolmates is privately held, with very little financial information publicly released.
These results were higher than previous estimates that ranged from US$550 million to $700 million, as reported in various media outlets.
A large chunk of the increase in revenue can be attributed to the sharp jump in the number of its users - from 150 million users in January 2009 to 350 million by December - and the innovative advertising displayed on the site, the report said.
Facebook displays targeted ads to its members, and Zuckerberg claims that the number of advertisers on Facebook has increased by a factor of four since the start of 2009.
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