Facebook is reportedly on the track to generating $2 billion in revenue for 2010, which is way higher than the previously projected revenue of $1 billion to $1.1 billion.
According to Bloomberg, sources have said the company’s annual revenue would have more than doubled from 2009, where the company made between $700 million and $800 million.
Thanks to its 500-plus million users, Facebook has become an attractive target for advertisers that includes big names like Coca-Cola, Adidas, and JP Morgan Chase. Facebook on the other hand is doing its job well by serving around 50 billion display ads a month, and is looking forward to serve a whopping 1 trillion display ads for 2010.
Facebook is also making a lot of cash through social gaming. With more than 200 million users actively playing social games, Facebook is reaping well with its decision to take 30% of all transactions done through Facebook credits.
Facebook has certainly made great strides in 2010 – from becoming the ultimate destination on the Internet to becoming the number one online ads display site to bagging the best workplace, and its founder and CEO being honored with the title of Time’s 2010 Person of the Year – Zuckerberg and his colleagues definitely has a lot to celebrate for.
{ 0 comments }
