By Nicholas Carlson
Source:http://www.businessinsider.com/facebooks-revenue-numbers-just-leaked-and-the-numbers-look-underwhelming-2011-12#ixzz1gcZVL4SQ
Gawker's Ryan Tate just published what he says "a source with knowledge of Facebook's finances" tell him are…Facebook's finances.
The numbers look a little light.
Facebook was supposed to generate about $4 billion in revenue this year and make $2 billion in EBITDA.
Through three quarters, Facebook's revenues – according to this source – only came in at $2.5 billion.
That means unless Facebook has a very big, $1.5 billion fourth quarter it will miss expectations. Facebook is growing very fast and $1.5 billion is definitely a possibility, but it isn't a lock: $1.5 billion is about 80% higher than the $830 million Facebook generated on average over the year's first three quarters.
EBIDTA (earnings before interest, depreciation, taxes, and amortization) isn't listed here, but similar metrics – operating cashflow and operating income – are, at $1 billion and $1.2 billion respectively.
Again, it will take a big fourth quarter – $1 billion in profits! – for Facebook to meet expectations sources set earlier this year.
HERE IS WHAT IS CLEAR: Facebook is not blowing away the numbers that leaked at the beginning of 2011. That in itself feels like a disappointment. The company is NOT going through a surprising run of growth. It's also worth pointing out that Facebook still continues to trail the pace set by Google during its first seven years as a company.
TATE:
Source:http://www.businessinsider.com/facebooks-revenue-numbers-just-leaked-and-the-numbers-look-underwhelming-2011-12#ixzz1gcZVL4SQ
Gawker's Ryan Tate just published what he says "a source with knowledge of Facebook's finances" tell him are…Facebook's finances.
The numbers look a little light.
Facebook was supposed to generate about $4 billion in revenue this year and make $2 billion in EBITDA.
Through three quarters, Facebook's revenues – according to this source – only came in at $2.5 billion.
That means unless Facebook has a very big, $1.5 billion fourth quarter it will miss expectations. Facebook is growing very fast and $1.5 billion is definitely a possibility, but it isn't a lock: $1.5 billion is about 80% higher than the $830 million Facebook generated on average over the year's first three quarters.
EBIDTA (earnings before interest, depreciation, taxes, and amortization) isn't listed here, but similar metrics – operating cashflow and operating income – are, at $1 billion and $1.2 billion respectively.
Again, it will take a big fourth quarter – $1 billion in profits! – for Facebook to meet expectations sources set earlier this year.
HERE IS WHAT IS CLEAR: Facebook is not blowing away the numbers that leaked at the beginning of 2011. That in itself feels like a disappointment. The company is NOT going through a surprising run of growth. It's also worth pointing out that Facebook still continues to trail the pace set by Google during its first seven years as a company.
TATE:
Facebook By The Numbers
Jan. 2011 – Sept. 2011
Assets: $5.6 billion
Cash/cash equivalents: $3.5 billion
Debt: $0
Shareholder equity: $4.5 billion
Cash/cash equivalents: $3.5 billion
Debt: $0
Shareholder equity: $4.5 billion
Operating cashflow: $1 billion
Revenue: $2.5 billion
Operating income: $1.2 billion
Net income: $714 million
Revenue: $2.5 billion
Operating income: $1.2 billion
Net income: $714 million
Ownership: Employees 30%, Mark Zuckerberg 24%, Digital Sky Technologies 10%, Accel Partners 8% (had 10% but sold 2%), Dustin Moskowitz 6%, Eduardo Saverin 5%, Sean Parker 4%, Goldman Sachs clients 3%, Microsoft 1.3%, Peter Thiel and/or Clarium Capital 3%, Greylock Partners 1.4%, Meritech Capital Partners 1.6%, Chris Hughes 1 %, Li Ka-shing .75%, Interpublic Group .50%,, Goldman Sachs .8%,
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