LinkedIn beats expectations with 47% jump in revenue
Friday, August 1, 2014/
LinkedIn has announced its second quarter results, which beat analysts’ expectations, posting $US534 million ($A574 million) in revenue, an increase of 47% compared to $US364 million in the second quarter of 2013.
The company’s earnings per share (EPS) (non-GAAP diluted) was $US0.51.
Analysts were expecting revenue of $US511 million and EPS of $US0.39.
LinkedIn chief executive officer Jeff Weiner was pleased with the results.
“LinkedIn delivered strong financial results in the second quarter while maintaining investment in our member and customer offerings,” said Weiner.
“We made significant progress against several key strategic priorities including increasing the scale of job opportunities on LinkedIn; expanding our professional publishing platform; and continuing the strategic shift towards content through Sponsored Updates,” he said.
Revenue from markets outside the US totalled $US216 million, and represented 40% of the company’s total revenue for the quarter.