$100M in sales for top Facebook application maker
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FT.com / Companies / Media - Facebook brings in payment system: "Users are increasingly spending real money buying virtual goods and credits on the applications that run on Facebook’s platform. Zynga, the largest applications developer on Facebook, with 42m users of its games, is reported to be nearing annual sales of $100m. Together, developers working on Facebook’s platform are expected to make more than $500m this year – perhaps more than Facebook itself."
The question of how Facebook will monetise its significant traffic has dogged the company of late. But last week Mark Zuckerberg, Facebook chief executive, said his company had been profitable before interest, tax, depreciation and amortisation for five quarters and was expecting revenue growth of 70 per cent this year. He said Facebook would be cash flow profitable sometime next year. Outside estimates put 2009 income at about $500m.
Wow, $500M revenue and they can't eke out a profit on that?
all your bases ar--
ping moi pleeez
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- 1:11 PM
pacman is coming
e belong to us!