Report: Facebook '09 revenues as high as $800 M
6/20/2010 11:25:00 AM
kenmouse
, Posted in
Social-networking powerhouse Facebook saw its revenues climb as high as $800 million in 2009, $100 million more than previously estimated, according to a media report.The Reuters news agency reported the higher revenues, citing unnamed sources. One of those same sources told the agency Facebook had also seen net profits in the tens of millions of dollars last year, Reuters said.
Industry blog Inside Facebook had previously estimated that Facebook made as much as $700 million in revenues last year, and Facebook board member Marc Andreessen said last year that the company would surpass $500 million in revenues for 2009.
Privately held Facebook doesn't reveal specifics on its financial numbers.
The Inside Facebook blog also predicts Facebook could nab more than $1 billion in revenues for 2010. Much of the company's revenue growth is presumably the result of advertising dollars, and in order for the growth to continue, Facebook will have to be sure to stay ahead of the ad game in a field that's evolving faster than ever.
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