Facebook?s Profits: $1 Billion, On $3.7 Billion In Revenues

Facebook just filed its IPO registration (SEC doc here) and its financials are off the charts. Facebook's IPO document provides the first peek at its financials. The company did $3.7 billion in revenues in 2011, and $1 billion in profits. That's right. Net income was $1 billion. Profits grew 65 percent last year from $606 million in 2010. And revenues grew 88 percent.

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