4 ms·

Facebook on track to make $1.1B revenue in 2010

19 points by drusenko 16y ago

jim_dot 16y ago
So they're making $2.50 per user per year? Nice one.
- joubert 16y ago
  How much are they making per employee?
  - jim_dot 16y ago
    Good question. The profits will be interesting to see, anyway.
  - m0th87 16y ago
    $2.5 / user * 1.1m users / developer = $2,750,000/developer http://blog.ebuddy.com/index.php/ebuddy-blog/beating-facebook-at-user-to-engineer-ratio/ http://blog.ebuddy.com/index.php/ebuddy-blog/beating-faceboo...
    - deleted 16y ago
      [deleted]
    - ramchip 16y ago
      All employees are not developers, however. There are apparently 1400+ employees (http://www.facebook.com/press/info.php?factsheet http://www.facebook.com/press/info.php?factsheet), so that would make 1.1B / 1400 = $786k per employee of revenue. Here are some numbers to compare it to: http://money.cnn.com/magazines/fortune/fortune500/2010/performers/companies/bangbuck/employees.html http://money.cnn.com/magazines/fortune/fortune500/2010/perfo... Apparently it's a bit over average for the "Internet Services and Retailing", but not as high as eg. Google.
    - cliffchang 16y ago
      As a matter of comparison, let's look at Google. $23.6 bn in 2009 (don't have 2010 numbers, and don't want to speculate). I don't know how many engineers they have, but I've heard the number 10,000 bandied about. The below says about 20,600 employees total, so my hunch is that 10k might be a little bit high. http://investor.google.com/documents/20100331_google_10Q.html http://investor.google.com/documents/20100331_google_10Q.htm... Given the 23.6 bn is probably low for 2010, and 10,000 engineers is probably a bit high, the resulting value of 2.36 million is a lowball estimate. The real number is probably closer to, oh, say, $2,750,000 / engineer :D
jaddison 16y ago
I'm more interested in seeing the number for profit.
- mjnaus 16y ago
  I am guessing the profit is nothing to brag about, otherwise I am sure they would have...
  - moolave 16y ago
    No matter. It is still a good number to play with on their P&L statement. All they need to do is soundly (or incrementally) adjust their outgoing numbers then the profit will definitely increase.
  - gaborcselle 16y ago
    He clearly states they don't care about profit: "At this point in the company’s evolution, I don’t see a huge need for the company to be throwing off a huge amount of profit. What’s the point? [...] If you prematurely optimize, you might get a bigger piece of a smaller thing."
    - smakz 16y ago
      On the other hand, they already have 400 million users, which is about 20% of the entire internet population in the whole world[1]. Part of me is thinking what exactly are they waiting for? Something tells me even if they were at 100% internet population, they would still be making meager profits and have an underwhelming IPO. But then again I'm a glass half empty kind of guy when it comes to Facebook. [1]http://www.internetworldstats.com/stats.htm http://www.internetworldstats.com/stats.htm
      - snissn 16y ago
        20% of the internet population what percent of the time? for what subset of their habits?
- rokhayakebe 16y ago
wdewind 16y ago
wow, sickest PR team ever.
rms 16y ago
What do you think the minimum investment for buying Facebook's stock at the IPO will be?

19 points by drusenko 16y ago

jim_dot 16y ago

So they're making $2.50 per user per year? Nice one.

joubert 16y ago
How much are they making per employee?
- jim_dot 16y ago
  Good question. The profits will be interesting to see, anyway.
- m0th87 16y ago
  $2.5 / user * 1.1m users / developer = $2,750,000/developer http://blog.ebuddy.com/index.php/ebuddy-blog/beating-facebook-at-user-to-engineer-ratio/ http://blog.ebuddy.com/index.php/ebuddy-blog/beating-faceboo...
  - deleted 16y ago
    [deleted]
  - ramchip 16y ago
    All employees are not developers, however. There are apparently 1400+ employees (http://www.facebook.com/press/info.php?factsheet http://www.facebook.com/press/info.php?factsheet), so that would make 1.1B / 1400 = $786k per employee of revenue. Here are some numbers to compare it to: http://money.cnn.com/magazines/fortune/fortune500/2010/performers/companies/bangbuck/employees.html http://money.cnn.com/magazines/fortune/fortune500/2010/perfo... Apparently it's a bit over average for the "Internet Services and Retailing", but not as high as eg. Google.
  - cliffchang 16y ago
    As a matter of comparison, let's look at Google. $23.6 bn in 2009 (don't have 2010 numbers, and don't want to speculate). I don't know how many engineers they have, but I've heard the number 10,000 bandied about. The below says about 20,600 employees total, so my hunch is that 10k might be a little bit high. http://investor.google.com/documents/20100331_google_10Q.html http://investor.google.com/documents/20100331_google_10Q.htm... Given the 23.6 bn is probably low for 2010, and 10,000 engineers is probably a bit high, the resulting value of 2.36 million is a lowball estimate. The real number is probably closer to, oh, say, $2,750,000 / engineer :D

jaddison 16y ago

I'm more interested in seeing the number for profit.

mjnaus 16y ago
I am guessing the profit is nothing to brag about, otherwise I am sure they would have...
- moolave 16y ago
  No matter. It is still a good number to play with on their P&L statement. All they need to do is soundly (or incrementally) adjust their outgoing numbers then the profit will definitely increase.
- gaborcselle 16y ago
  He clearly states they don't care about profit: "At this point in the company’s evolution, I don’t see a huge need for the company to be throwing off a huge amount of profit. What’s the point? [...] If you prematurely optimize, you might get a bigger piece of a smaller thing."
  - smakz 16y ago
    On the other hand, they already have 400 million users, which is about 20% of the entire internet population in the whole world[1]. Part of me is thinking what exactly are they waiting for? Something tells me even if they were at 100% internet population, they would still be making meager profits and have an underwhelming IPO. But then again I'm a glass half empty kind of guy when it comes to Facebook. [1]http://www.internetworldstats.com/stats.htm http://www.internetworldstats.com/stats.htm
    - snissn 16y ago
      20% of the internet population what percent of the time? for what subset of their habits?
rokhayakebe 16y ago

wdewind 16y ago

wow, sickest PR team ever.

rms 16y ago

What do you think the minimum investment for buying Facebook's stock at the IPO will be?