Zuckerberg shares Facebook financials at company meeting

Kara Swisher reports that Facebook CEO shared the company’s financial results for 2007 and outlook for 2008 at an all-hands meeting today (that included call-in access presumably for remote employees). The numbers:

  • 2007 revenue came in at $150 million
  • 2008 revenue is expected to be between $300-$350 million
  • 2008 capex is expected to be $200 million
  • 2008 EBITDA is expected to be about $50 million

In addition, he Zuckerberg predicted that Facebook should grow from 450 to 1000 employees in 2008. With over $300 million reportedly in the bank from recent investors Microsoft, Ling Ka-Shing, the Samwers, and others, Facebook should be in good shape to ramp up spend for at least the next couple years.

Social Media 101

Mediabistro Course

Social Media 101

Get hands-on social media training for beginners! Starting November 10, hear from our expert speakers on the  best practices for getting set up on the major social media platforms, how to create meaningful content, and engage with your audience across sites. Register now!


Leave a Reply

5 Responses to “Zuckerberg shares Facebook financials at company meeting”

  1. An Inside Look at Facebook Finances - Technozzle says:

    [...] on TechCrunch, Mathew Ingram, All Facebook, Inside Facebook and Rev2. addthis_url = ‘http%3A%2F%2Ftechnozzle.com%2F%3Fp%3D76′; addthis_title = [...]

  2. Aaronontheweb says:

    So how’s this financial report going to affect the sales of the Facebook marketing bible?

  3. Inside Facebook » Facebook scaling up data centers says:

    [...] is that $200 million in Facebook’s 2008 capex going? According to recent research by Data Center Knowledge, at least $10 to $12 million of it is [...]

  4. Social Networks sind das neue Massenmedium » Beitrag » zweinull.cc says:

    [...] lediglich, dass man noch keinen idealen Weg zur Monetarisierung gefunden hat. Und wenn Facebook bei 150 Millionen Dollar Umsatz in 2007 mit 15 Milliarden Dollar bewertet wird, dann wirkt dies zwar unfassbar, aber als einer der [...]

  5. Facebook Review May 2010 « Decisionz says:

    [...] Financial data for 2007. [...]

Get the latest news in your inbox
interested in advertising with inside facebook?

Social Media Jobs
of the Day

Social Media Manager

The Culinary Institute of America
Poughkeepsie, NY

PR & Social Media Account Director

Manifest New York
New York, NY

Assistant Social Media Editor

Salon Media Group, Inc
New York, NY

Part-time Social Media Manager

Michelson on Medicine
New York, NY

Featured Company

Join leading companies like this one and recruit from the nation's top media job seekers on the Mediabistro Job Board. Every job post comes with our satisfaction guarantee. Learn More

Our Sponsors

Mediabistro A division of Prometheus Global Media home | site map | advertising/sponsorships | careers | contact us | help courses | browse jobs | freelancers | content | member benefits | reprints & permissions terms of use | privacy policy Copyright © 2014 Mediabistro Inc. call (212) 389-2000 or email us