Facebook post Q1 results: $205 million in profit on $1.06 billion in revenue

. Facebook on Monday filed an updated version of its S-1 that included the company's first-quarter results. The social networking giant saw $1.06 billion in revenue, up from $731 million in the same quarter last year but down from $1.131 billion in the fourth quarter of 2011. Facebook saw net income of $205 million, down from $233 million in the same quarter last year and down $302 million sequentially. The website now has 532 million daily active users, up from 372 million last year and 483 million in December.

Boy Genius Report, Facebook post Q1 results: $205 million in profit on $1.06 billion in revenue