Facebook, which is preparing for its initial public offering, posted revenues that continued to increase in the first quarter of 2012, but net income was down compared to the year-ago period.
Facebook posted first quarter 2012 revenues of $1.058 billion, up 45% year over year from $731 million. Net income however was down, at $205 million, from $233 million in the year-ago period.
Facebook’s user base continued to increase, with 901 million monthly active users as of March 31, 2012, up 33% from the year-ago period. Daily active users were 526 million on average in March, up 42% from 372 million a year ago. Facebook users generated an average of 3.2 billion Likes and Comments per day in the first quarter of 2012. On mobile, Facebook had 488 million monthly active users in March.
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