Facebook – the world’s largest social networking site is not only big with its users’ numbers but it is also big with its year-on-year revenue it is making since from the start. According to CNBC correspondent Julie Boorstein claimed that the company’s 2011 revenue was $3.8 billion with an operating profit of around $1.5 billion. She posted the number of twitter.
The social network giant who is gearing up for the whooping $100 billion IPO – largest by any tech company, and with such numbers – which of course still not confirmed is making the wave in the market. The social networking giant made a combined $2.5 billion in Q1 2011, Q2 2011, and Q3 2011, according to a source with knowledge of Facebook’s finances cited by Gawker.
Facebook by the numbers (Jan. 2011 – Sept. 2011):
- Assets: $5.6 billion
- Cash/cash equivalents: $3.5 billion
- Debt: $0
- Shareholder equity: $4.5 billion
- Operating cashflow: $1 billion
- Revenue: $2.5 billion
- Operating income: $1.2 billion
- Net income: $714 million
Ownership: Employees 30%, Mark Zuckerberg 24%, Digital Sky Technologies 10%, Accel Partners 8% (had 10% but sold 2%), Dustin Moskowitz 6%, Eduardo Saverin 5%, Sean Parker 4%, Goldman Sachs clients 3%, Microsoft 1.3%, Peter Thiel and/or Clarium Capital 3%, Greylock Partners 1.4%, Meritech Capital Partners 1.6%, Chris Hughes 1 %, Li Ka-shing .75%, Interpublic Group .50%,, Goldman Sachs .8%,
If we go by the above numbers, it means the social networking giant is making a whopping $1.3 billion in revenue and made $500 million in profit during Q4 2011. And, now with the crunching numbers CNBC’s Julie Boorstein tweeted – will look out as true as it has to be – but the actual eyes are all on Facebook when it releases the number that everyone wants to see. The company’s first official numbers will be the baseline everything is compared to future quarters, future revenue, future profit, and thus overall growth.
(Image Source: Facebook logo)