Facebook's recent acquisition spree could delay the social network's highly anticipated Wall Street debut until June, according to reports.

Citing people familiar with the matter, CNBC reports that Facebook founder and CEO Mark Zuckerberg has been so focused on acquisitions lately that his company isn't prepared for its initial public offering. Facebook has indeed been busy - the social media giant earlier this month agreed to buy the photo-sharing service Instagram for $1 billion, and on Monday said it would pay $550 million for hundreds of patents from Microsoft.

Though Facebook's IPO date hasn't even been made official, the social media giant has reportedly been shooting for an IPO sometime in May, with a roadshow as early as May 7. Rumors swirled earlier this month that Facebook was eyeing a stock market debut on May 17.

But with the recent acquisitions, Facebook executives haven't been able to focus on their IPO plans. As a result, the company likely won't launch its roadshow until May 14, at the earliest, pushing initial trading until early or mid-June. With the Memorial Day holiday falling on May 28, the market will likely by less liquid for several trading days in late May, and thus a bad time to begin trading.

Facebook is looking at a "plan A, B, C, and a D" for its IPO, a person familiar with the matter told CNBC.

Meanwhile, Facebook's profits have dipped from a year ago but revenue increased 44 percent to $1.06 billion, the company said in an amended S-1 filing on Monday. Facebook reported profits of $205 million, down from $233 million a year ago. The social network also reported a steady increase in daily active and monthly users. Facebook's monthly active users climbed to 901 million worldwide.