LinkedIn Revenue Surges By 126 Percent With 131 Million Users

Must Read

Google Just Got Super Smart: Launches The Knowledge Graph

If there is one product on the Internet that has had absolutely no competition whatsoever, it is Google Search....

What Everyone Ought To Know About Social Bookmarking

As a marketer, you might be wearing different hats in your startup. Strategizing content, Executing SEO activities, drawing a social media...

E-Commerce Industry In India Worth $13.5 Billion In 2014: Will Cross $16 Billion In 2015

According to the latest report by IAMAI and IMRB International, the eCommerce industry in India reached a value of INR 81,525...

Today, LinkedIn CEO Jeff Weiner- on an earning call- told users that professional networking site has reached the user base of 131 million users and more than million groups exist on LinkedIn. Jeff also informed that company’s revenue for Q3 has surged by 126 percent, reaching $139.5 million compare to $61.8 million during same period in 2010. However, company has recorded a net loss of $1.6 million in Q3 of 2011 compare to $4.0 million profit in Q3 2010. In accordance to its loss, share price of LinkedIn has dipped by 9 percent.

In a statement Weiner said “More than 15 million people joined the business social network in the third quarter of 2011. That’s a boost of 63% competed to the growth rate this time last year.”

The number of users accessing LinkedIn through mobile has also increased by 400 percent in Q3 of 2011 compared to Q3 of 2010. In total, LinkedIn registered 13 percent of unique visits in Q3 of 2011.

“Mobile page views are up by 400% year-over-year. In total, mobile accounts for 13% of Linkedln’s unique visits”, as said by Weiner.

LinkedIn also gains in sharing button traction which has been increased to 180,000 in Q3 from 100,000 in the second quarter of current year. Its developer based is also increased; now more than 40,000 developers are using LinkedIn APIs – an increase of 30 percent compared to second quarter of present year.

Advertisements

“LinkedIn had a strong third quarter, with significant, broad-based growth across all of our revenue streams, member engagement metrics, geographies, and sales channels.”  “Our results underscore the long-term strength of our global platform and our business model,” as said by Jeff Weiner.

Hiring solution for the professional networking site has increased by 159 percent, taking it to 7,400 customers. LinkedIn has not revealed information about number of people using its marketing solutions but has claimed that growth rate  is 113 percent year over year. Also, Premium Subscribers for the company has been doubled compared to last year and it is growing faster than overall membership.

“The company posted its eighth straight quarter of accelerated revenue growth and achieved record engagement on the LinkedIn platform”.  “We delivered strong adjusted EBITDA and record levels of operating and free cash flow.  LinkedIn plans to maintain a long-term perspective with investment in our key strategic areas,” as said by Steve Sordello, CFO of LinkedIn.

Hope LinkedIn rises in the similar manner and in coming days we will se more and more new features by LinkedIn. For more information about LinkedIn financial users click here and garnished our comment box with your valuable comments.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Jio Free Talk Time Offer: Enjoy 300 Minutes Per Month Without Recharge!

The Jio free talk time offer is much appreciated at the time when companies and individuals are doing their...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This