Facebook revenue $2.5bn in first nine months of 2011

Social networking giant Facebook made $2.5 billion in revenue and $1.2 billion in operating income during the first nine months of 2011, CNBC reported Thursday.

The website is on track to hit $3.8 billion in revenue for the full year, CNBC cites sources as saying, but some analysts peg that figure closer to $4 billion. Either way, Facebook is likely to have more than doubled its revenue from 2010, according to CNBC.

According to earlier reporting by The Wall Street Journal, Facebook is planning to hold an initial public offering between April and June 2012 that could raise as much as $10 billion and value the company at more than $100 billion.

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22 April 2024

21 04 2024