Facebook profits dip before ipo

Sanjeev Jain (Chartered Accountant) (922 Points)

24 April 2012  

Net profits of Facebook Inc declined year – on – year by 12 per cent in the first quarter to $205 million. Revenues, during the quarter increased by 45 percent to $1.06 billion. The user base of the company touched 901 million in the quarter. 82 per cent of the revenues of the company during the quarter came from advertising while 11 per cent came from gaming.

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