Based on the growth in revenue and in the bottom line, Facebook could stand to pull in close to $1 billion in profit this year. While that may not justify the $50 billion market value that Goldman's investment ascribes to the network, it is another sign of just how huge the company has become, and how much further it could grow as it gobbles up an even larger share of online advertising.
Both The Wall Street Journal (NWS) and The New York Times (NYT) appear to have gotten their hands on some of Facebook's internal financial results as part of the offering documents that Goldman has been giving to high-net-worth investors in its new fund. The Journal says Facebook had net income (i.e. profit) of $200 million in 2009 and revenue of $777 million. While figures for last year weren't disclosed, the Journal adds, "analysts have said the company's revenue last year could be as much as $2 billion, fueled by advertising growth."
http://www.businessweek.com/technology/content/jan2011/tc2011016_998330.htm
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