The latest comScore figures show that in the first quarter of 2010, Facebook became one of the largest display advertisers on the web. It served about 176.3 billion ads compared to Yahoo who could only serve 131.6 billion banner ads. These figures were only measured on display ads within the company website and not through external networks.
According to The Wall Street Journal,
By revenue, Facebook has a long way to go to catch up to its more established rivals. The social-networking site earned more than $500 million in revenue in 2009 and is forecasting revenue of more than $1 billion in 2010, according to people familiar with the matter. Yahoo earned $6.5 billion in revenue in 2009, mostly from advertising.
Still, Facebook served more ads as people spent more time on the site and loaded more pages. The growth also reflects increased demand from both small and large advertisers, says comScore Chief Marketing Officer Linda Abraham.
Although this is still early stages for Facebook in terms of being a proven advertiser that converts, there are a growing number of small businesses that have invested into it for promotional purposes, and affiliate marketers have also invested a budget into it as the site’s audience continues to increase. Similar to the early stages of Google Adsense, the cost of advertising is still cheap so the opportunity to run a successful campaign is cost effective.
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