Facebook's Revenue Numbers Just Leaked, And The Numbers Look Underwhelming

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
Operating cashflow: $1 billion
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%,


Read more: http://www.businessinsider.com/facebooks-revenue-numbers-just-leaked-and-the-numbers-look-underwhelming-2011-12#ixzz23um8yjcV

By Nicholas Carlson / Business Insider