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Facebook earnings fall as costs rise

The results were included in an updated S-1 filing for Facebook’s FB 0.00%  planned initial public offering on Monday afternoon. No date, share amount or price range has been set yet for the offering, which is widely expected to take place sometime next month.

The filing added the company’s operating results for the first quarter, ended March 31. Overall revenue jumped to $1.06 billion from $731 million in the same period last year. Advertising revenue made up 82% of the total, with the remainder coming from payments and other fees generated over the social network.

Net income for the quarter was $205 million, down from $233 million in last year’s first quarter as total costs rose to account for 64% of overall revenue compared with 47% in the same period last year.

The filing also noted an increase in monthly active users to 901 million, up from 845 million as of the company’s last filing on March 27. Average revenue per user, or ARPU, was up 6% from last year’s first quarter, though down 12% from the December period.

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