San Francisco - Facebook’s first-quarter revenue climbed 45 percent to just over $1-billion as daily active users leapt 41 percent, the world's largest social network disclosed ahead of its landmark initial public offering.
Facebook added more than 1 000 employees in the year ended in March, taking its headcount to 3 539, it said in an updated filing with the US Securities and Exchange Commission.
Revenue grew to $1.058-billion from $731-million in the year-ago quarter. Average monthly active users increased to 901 million as of March 31, 2012, from 680 million a year ago.
Net income fell to $205-million from $233-million over the same period, according to the filing.
Facebook is preparing for an IPO that could value it at up to $100-billion and could come as early as May. - Reuters