Facebook Finances Leaked

Thursday, January 31st, 2008

Erick Schonfeld is the Editor in Chief of TechCrunch. He oversees the editorial content of the site, helps to program the Disrupt conferences and CrunchUps, produces TCTV shows, and writes daily for the blog. He is also the father of three adorable children. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular... → Learn More

facebooklogo12.gifKara Swisher’s elves must have Mark Zuckerberg’s number. Because she is reporting details from an all-hands meeting the Facebook founder held on Thursday for employees that had an open dial-in number, in which he revealed the following financial metrics for the still-private company:

2007 Revenues: $150 million

2008 Revenues: $300 to $350 million (projected)

2007 Headcount: 450

2008 Headcount: 1,000 (projected)

2008 Capital Expenditures: $200 million (i.e., servers)

2008 EBITDA: $50 million

2008 Cash Flow (EBITDA – CapEx): negative 150 million.

If he wants to go public in 2009, he is going to have to start making some money before then.

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