Facebook Inc saw its revenue declining by 19 times down to $53 million in 2012. A year before, Facebook managed to earn around $1bn.
Despite the fact that the development of major mobile solutions as well as advertising campaigns contributed to the growth of operating expenses, Facebook announced an income increase in Q4 2012 (q/q).
According to the report published on December 31st 2012, the net income declined by 79% down to $64 million while the operating costs increased by 82%.
As of Q4 2012, the company’s proceeds increased by 40% up to $1.59bn. The annual proceeds were around $5bn in 2012, which is a 37% increase (y/y).
The chart below, courtesy of , reflects the current state of affairs in the market of FB:
