Facebook Q1 revenue tops $1 billion

By REUTERS
April 23, 2012 23:21

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

SAN FRANCISCO - Facebook Inc's first-quarter revenue climbed 45 percent to just over $1 billion as daily active users leaped 41 percent, the world's largest social network disclosed ahead of its landmark initial public offering.

Facebook added more than 1,000 employees in the year ended in March, taking its headcount to 3,539, it said in an updated filing with the U.S. Securities and Exchange Commission.

Revenue grew to $1.058 billion from $731 million in the year-ago quarter. Average monthly active users increased to 901 million as of March 31, 2012, from 680 million a year ago.

Net income fell to $205 million from $233 million over the same period, according to the filing.

Facebook is preparing for an IPO that could value it at up to $100 billion and could come as early as May.

Related Content

Breaking news
July 21, 2018
Iran supreme leader says "obvious mistake" to negotiate with US

By JPOST.COM STAFF