Facebook as everyone knows is an industry titan and with 800 million active users, one can only guess how much it makes in revenues each year. But ever so often, those revenue figures are leaked (sometimes deliberately) and this year Facebook’s numbers are jaw-dropping.
According to stats published by Gawker, Facebook had gross revenues totaling $2.5 billion over the first 3 quarters of 2011. This figure has caused many to extrapolate total revenues for all of 2011 to be over $3.3 billion. Net revenue for the 9 month period ending September was $750 million, a figure which once again extrapolated, would see Facebook making net revenues for 2011 of $1 billion.But perhaps what was shocking in the Gawker stats was the fact that Facebook is seen to be devoid of debt—something which is relatively unheard of in these times. Gawker is also reporting that Facebook’s assets are worth a staggering $5.6 billion, and we aren’t talking yet about valuation based on other variables.
The company’s ownership structure was also on display and Gawker revealed that employees together own 30% of Facebook. Zuckerberg was the second largest owner by proportion with 24%. Other owners on the roster include Digital Sky Technologies 10%, Accel Partners 8% and Dustin Moskowitz who owns 6%. With an IPO scheduled for some time next year, ownership rights and value will be a subject of hot debate and should be interesting to watch unfold.
Are you surprised Facebook is going to make $3.3 billion this year? Share your thoughts below.