Facebook Finance Info Q1-Q3 2010: $355 Million In Net Income, $1.2 Billion Revenues

Posted Jan 6, 2011

In order to help determine whether to invest or not, Goldman Sachs provided their clients with financial information about Facebook. It turns out that Facebook made $355 million in net income with revenues of $1.2 billion during the first 9 months of 2010. Goldman provided hand-delivered copies of the 101 page private placement memo for the Facebook offering to some of their wealthier customers in New York today.

According to a Reuters source, Goldman clients also received a 6-page financial statement about Facebook. Goldman Sachs made a $450 million investment in Facebook at a $50 billion valuation recently. This document did not reveal how Facebook made $1.2 billion in revenues. Goldman Sachs clients that want to buy shares in Facebook can invest money into a Delaware entity called FBDC Investors LP.