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Facebook Revenues Up to $700 Million in 2009, On Track Towards $1.1 Billion in 2010 [Inside Facebook – 3/2/10] – http://www.insidefacebook.com/2010…
Facebook Revenues Up to $700 Million in 2009, On Track Towards $1.1 Billion in 2010 [Inside Facebook - 3/2/10]
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The company has been roughly doubling its revenues every year — 2007 came in at $150 million. It ended 2008 making between $280 million and $300 million, according to many reports. The company’s revenues likely reached between $600 million and $700 million for 2009. – Mitchell Tsai from Bookmarklet
At $10 million a year, the gift shop would be bringing in $25,000 a day, which seems extremely low considering the size of the Facebook audience. But, Facebook has promoted virtual gifts pretty lightly over the past couple of years. – Mitchell Tsai
We believe performance advertising grew by roughly $150 million above the July rumors, and for a few reasons. FarmVille, Zynga’s hit farming game, saw sharp traffic growth after launching in June, partly because the company aggressively advertised on Facebook. Other social gaming companies followed suit. Social games accounted for a substantial minority of all spending on performance advertising, according to sources — between a third and half, some say. – Mitchell Tsai
Growth was especially strong growth in international markets, in part because companies like Techlightenment, TBG London, Tradimax and 77 Agency began using Facebook’s advertising API to sell ads in bulk. These companies are based in Europe, and used Facebook’s precise ad-targeting features to reach users across the fast-growing region’s diversity of nationalities and languages. – Mitchell Tsai