Palo Alto,
– Facebook is expected to
generate up to $1.1 billion in total revenue this year, based on calculations made
by the blog Inside Facebook.

Last September, the blog estimated that Facebook
would bring in $550 million in revenues for 2009, but sources said more
recently that Facebook revenue likely hit between $600 million and $700 million
last year.

The blog also cited reports indicating the company made between $280
million and $300 million in 2008.

Inside Facebook said it expected the trend of
Facebook doubling its revenues every year "to continue for the foreseeable
future, making Facebook a multi-billion dollar company within the next few

The company’s main sources of revenue this year are expected to be brand
advertising, performance-based ads and sales of virtual goods.


Related Links:

(Inside Facebook)