Report: Facebook’s Revenue Doubled To $1.6 Billion In First Half Of 2011


Credit: Corbis

Facebook does not publicly disclose its financial results, but an unidentified source tells Reuters (NYSE: TRI) that the company pulled in $1.6 billion in the first half of this year.

The source didn’t provide a comparable figure for the first half of 2010, so the statement that revenue doubled has to be taken at face value (to the extent that you can take something at face value when it comes from an unidentified source, anyway). Reuters writes that Facebook’s revenue for the first nine months of 2010 was $1.2 billion, according to “documents that Goldman Sachs provided to clients during a share offering this year.”

The source says Facebook’s net income for the first half of 2011 was $500 million. Those Goldman Sachs docs put Facebook’s net income at $355 million for the first half of 2010.

Facebook is expected to go public next year, with a valuation of around $100 billion.

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