Classified Intelligence Report disclosed today that they have estimated for 2010 that Craigslist will generate $122 million in gross revenue with profits ranging from $88 to $99 million. This works out to about $4 million per employee. Last year (2009) revenue was estimated to be $100 million and back in 2003 revenue was estimated at $7 million for Craigslist. According to the report, half of their revenue in 2010 will come from recruitment advertising while 30 percent comes from the Adult Services listings and a further 17 percent coming from apartment ads in New York City.

In 2009 Craigslist was accused of being a large source for prostitution. In a bid to appease lawmakers Craigslist renamed their "Erotic Services" category to "Adult Services" and upped the fee per listing to $10 (it was $5). Craigslist also agreed to manual approve each listing. When …

Source:Craigslist Revenue Report 2010