According to Reuter, an anonymous source claiming to have knowledge of Facebook financial reported that Facebook latest revenue has doubled for the fist half of 2011 putting the company at 1.6 billion, generating a net income of nearly $500 million.
The latest figure shows the popularity of Facebook which is now valued at nearly $80 billion in private markets. Certainly, the company’s increase in revenue share must have come from sales in advertising and virtual payments system in social gaming platform.
According to sources from Goldman Sachs, in the first nine months of 2010, Facebook revenue was $1.2 billion, while the company’s net earned was at $355 million. This represent that Facebook has substantially gained over now. Research firm eMarketer, has also estimated Facebook’s revenue at $4.05 billion for 2011 year and $5.74 billion as for 2012. If the annonymous report is to be considered, Facebook is not far away when it will comes closer to these speculations.
With the continuous introduction of new features to make the site more sticky, Facebook has already achieved 750 million active users and recently reached a trillion plus page view. Of course, this success stories will pull the investors when the company goes public probably after Q1 2012, expecting its valuation to be at $100 billion.
Since Facebook is a privately held company which doesn’t disclose its financial reports, it did not commend on the report.
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