Facebook revenues
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In the first six months of 2011 Facebook had $1.6 billion in revenue and about $800 million in operating income, says a source I trust a lot. That revenue number has been reported before. And the 50% profit margin is in line with last year’s $2 billion in revenue and $1 billion in operating income.
Facebook Will Probably Be More Profitable Than Amazon This Year « Uncrunched
SAN FRANCISCO (Reuters) - Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc. Net income in the first half of 2011 came to almost $500 million, according to the source, who wished to remain anonymous because privately-held Facebook does not disclose its results. Facebook's stronger results come as investors have pushed its valuation to roughly $80 billion in private markets, with many industry observers expecting the world's No. 1 Internet social network to go public in 2012. Its growing popularity among its advertisers and 750 million users has pressured entrenched Web companies such as Yahoo Inc, which ousted its chief executive Carol Bartz on Tuesday. Search leader Google Inc launched Google+, a rival social network in June that attracted more than 10 million users in its first two weeks.
Exclusive: Facebook first half revenue hits $1.6 billion: source | Reuters
How Facebook Reaches $20B In Revenues
Facebook, at over 500M users , has transformed the web, and indeed the planet, by connecting us all in ways we weren’t before. At their current growth rates, they will finish this year at around 600M users and will be larger than Google by the end of next year (if they aren’t already, see here ). (As Facebook’s head of growth once told me, the nice thing about growth being truly viral is that it becomes very easy to predict your future growth. Facebook actually employs several epidemiologists to measure and predict growth.)
Facebook Inc., the world’s most popular social-networking service, is likely to generate 2010 revenue of about $2 billion, a larger sum than projected earlier, according to three people familiar with the matter. Sales will more than double from 2009, said the people, who declined to be identified because the privately held company doesn’t disclose revenue. Facebook had $700 million to $800 million in sales last year, and the 2010 figure was previously expected to be closer to $1.5 billion, according to two other people familiar with the matter earlier this year. Enlarge image Dec. 15 (Bloomberg) -- Time magazine named Facebook Inc. founder and Chief Executive Officer Mark Zuckerberg as its Person of the Year for “connecting more than half a billion people” and “changing how we all live our lives.” Bloomberg's Erik Schatzker reports.
Facebook 2010 Sales Said Likely to Reach $2 Billion, More Than Estimated - Bloomberg
How Does Facebook Make Money?
Facebook revenues reached $500 million in 2009, up from $300 million in 2008, according to Fortune editor David Kirkpatrick, who cites "well-informed sources" in his upcoming book, The Facebook Effect. Self-service ads, which appear on the right side of the screen on Facebook, accounted for about $250 million to $300 million. They look like this:
Facebook To Grow Its Virtual Economy
Facebook has announced that it will expand its Facebook Credits system across the site. Facebook says that this step will help to expand its microtransaction features into more apps. In a blog post, Facebook Product Marketer Deborah Liu said that, “This new option is live in a few applications to a small percentage of users, and will roll out more broadly over the coming weeks.” This widening of the Facebook Credits program represents Facebook’s desire to take their cut of the booming microtransaction market on their site.
