Palo Alto,
Calif. – 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
years."
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:
http://snipurl.com/umdnr
(Inside Facebook)
