Facebook Quarterly Revenue Tops $1B: Filing

Features Reuters

Facebook Inc generated more than $1 billion in revenue during the first quarter, according to an updated filing for the social network's initial public offering.

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Revenue came in at $1.058 billion in the period, up from $731 million a year earlier. Net income was $205 million in the latest quarter, down from $233 million in the first quarter of 2001, the filing said.

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