Thanks.

I've updated the post to specify that revenue was for last quarter.

The S-1 describes James Breyer's shares as a combination of his and Accel's, with the following footnote:

(12) Consists of (i) 11,703,132 shares of Class B common stock held of record by James W. Breyer, Trustee of James W. Breyer 2005 Trust dated March 25, 2005 (Breyer 2005 Trust); (ii) 149,527,730 shares of Class B common stock held of record by Accel IX L.P. (Accel IX); (iii) 15,931,653 shares of Class B common stock held of record by Accel IX Strategic Partners L.P. (Accel SP); (iv) 13,939,214 shares of Class B common stock held of record Accel Investors 2005 L.L.C. (Accel 2005); (v) 9,949,820 shares of Class B common stock held of record by Accel Growth Fund L.P. (Accel Growth); (vi) 194,230 shares of Class B common stock held of record by Accel Growth Fund Strategic Partners L.P. (Accel Growth SP); and (vii) 132,570 shares of Class B common stock held of record by Accel Growth Fund Investors 2009 L.L.C. (Accel Growth 2009).

Agreed, he should clarify 1Q 2012. And it looks like he has it wrong.... The filing says $872M not $972M (page 51 of pdf).

That graph on page 51 is comparing advertising revenue ($872M) to payments+other revenue (the smaller bar, $186M). Total was $1,058M.

Edit: updated the total.

I'm confused then. Where are you getting $972M? If you are doing total revenue (advertising + payments and other), it's $872M + $186M = $1,058M

And also, page 56 of the pdf lists $1,058M as total revenue for 1Q 2012.