LinkedIn Reports Revenue Up 120% To $121 Million In First Quarter


LinkedIn Corporation (NYSE:LNKD) has reported their second quarter results today. LinkedIn’s revenue for the quarter was at $121 million, which is an increase from $54.9 million in Q2 2010. This is a 120% increase. The net income for the second quarter was $4.5 million compared to $4.3 million for the second quarter of 2010.

The Non-GAAP net income for the second quarter was $10.8 million compared to $6.4 million for Q2 2010. Adjusted EBITDA for the second quarter was $26.3 million compared to $11.5 million in Q2 2010.

“In the second quarter, we saw record levels of members, unique visitors, and page views, while revenue growth further accelerated…Going forward, we plan to continue to invest in our team, technology, and products in order to increase the value we deliver to members and realize the full potential of the LinkedIn platform,” stated LinkedIn CEO Jeff Weiner.

LinkedIn’s members grew to 115.8 million, which is a 61% increase from Q2 2010. LinkedIn saw 81.8 million unique visitors per month during the quarter. Page views were at 7.1 billion, which is an increase of 80% from Q2 2010.

[TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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