A Wise Take on Facebook’s Q1-2012 Earnings
The upshot: declining growth rates and declining ad sales per registered users. An interesting and intelligent take on Facebook growth and earnings (via Minionville).
As you can see, the numbers, particularly in advertising (which accounts for 82% of total revenues), are falling quickly.
Let’s hope that acceleration in payments revenue can start to pick up the slack.
And if we look at total company revenues, we can see that year-over-year growth is rapidly decelerating — it went from 55% in Q4 to 45% in Q1 2012: