Facebook is creating new benchmarks every now and then, being biggest social network website, it is giving hard time to internet Giants like Yahoo and Google.

According to news, a new report by research firm eMarketer has revealed that Facebook's U.S. advertising revenue for 2011 has surpassed that of both Google and Yahoo.

Facebook has become an internet giant and the most popular social networking service with over 600 million active users as of January 2011. It has grown leaps and bounds by offering new benefits like a coupon deals service, and games like "FarmVille" and "Mafia Wars" could make it the biggest bank by 2015.

Now, Facebook reigns supreme once again in the battle of the best. According to eMarketer, Facebook's U.S. advertising revenue will total about $2.2 billion in 2011, giving it a 17.7 percent share of the market for graphical display ads that appear on websites. Last year, Facebook had 12.2 percent share of the market.

Research carried out by eMarketer predicts that Facebook is in line to receive some $1.2 billion worth of advertising revenue this year. It is a sign of the continued growth within the online marketing sector, despite the general decline in the advertising industry throughout the recession.