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February 8, 2013 02:58 am GMT

LinkedIn Stock Jumps 10% After Q4 Revenue Tops $300 Million


LinkedIn proved once again why it is Wall Street's favorite social media stock.

The company reported revenue of $304 million for the December quarter, a whopping 81% increase from the same quarter the year before and well ahead of Wall Street's consensus estimate for revenue of $278 million.

Much of the revenue growth came from a strong increase in sales of LinkedIn's talent solutions products for recruiters and businesses. Revenue from this segment nearly doubled from the year-ago quarter to $161 million. Revenue from premium subscription products also increased by nearly 80% to just under $60 million for the quarter.

All of this helped LinkedIn to come close to having its first…
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Original Link: http://feeds.mashable.com/~r/Mashable/~3/UbIFP8S19uc/

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