Facebook COO Sheryl Sandberg. Photo credit: Stuart Isett/Fortune Most Powerful Women, under Creative Commons license

Social media giant Facebook has announced its financial results for the second quarter of this year, indicating $18.3 billion in revenues, up 10% year-over-year, and $5.2 billion in net income, up 98% year-over-year. During the quarter, the number of Facebook’s daily active users boosted 12% year-over-year to 1.79 billion while the number of monthly active users boosted 12% year-over-year to 2.7 billion. As people sheltered at homes globally, they apparently resorted to using social media more frequently, and hence, Facebook’s significant user number boost.

During the second quarter, Facebook faced a sizeable advertisement boycott but that didn’t appear to hurt its business much. About 1,100 companies in total joined the advertisement boycott.