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November 4, 2011 12:11 am GMT
In its second quarter as a public company, LinkedIn posted Q3 earnings today. Revenue for the third quarter was $139.5 million, up 126 percent from the third quarter in 2010. GAAP Net loss for the third quarter was $1.6 million (or a loss of $0.02 per share), compared to net income of $4 million for the third quarter of 2010; Non-GAAP net income for the third quarter was $6.6 million (or $0.06 per share), compared to $6 million for the third quarter of 2010. Analysts expected LinkedIn to break even on an earnings on a per share basis with revenue expected to come in at $128 million. Members grew to 131.2 million, an increase of 63% from the third quarter of 2010. LinkedIn had a strong third quarter, with significant, broad-based growth across all of our revenue streams, member engagement metrics, geographies, and sales channels, said Jeff Weiner, CEO of LinkedIn. Our results underscore the long-term strength of our global platform and our business model.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lhOJ0hkS1IQ/
LinkedIn Beats The Street; Q3 Revenue Up 126 Percent To $140M
In its second quarter as a public company, LinkedIn posted Q3 earnings today. Revenue for the third quarter was $139.5 million, up 126 percent from the third quarter in 2010. GAAP Net loss for the third quarter was $1.6 million (or a loss of $0.02 per share), compared to net income of $4 million for the third quarter of 2010; Non-GAAP net income for the third quarter was $6.6 million (or $0.06 per share), compared to $6 million for the third quarter of 2010. Analysts expected LinkedIn to break even on an earnings on a per share basis with revenue expected to come in at $128 million. Members grew to 131.2 million, an increase of 63% from the third quarter of 2010. LinkedIn had a strong third quarter, with significant, broad-based growth across all of our revenue streams, member engagement metrics, geographies, and sales channels, said Jeff Weiner, CEO of LinkedIn. Our results underscore the long-term strength of our global platform and our business model.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lhOJ0hkS1IQ/
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