LinkedIn Revenues Are Up 105% To $167.7 Million In Q4
LinkedIn was the professional social network that reported a stronger fourth quarter in 2011 earnings today. LinkedIn’s revenue for the fourth quarter was $167.7 million, which is an increase of 105% compared to $81.7 million during the fourth quarter in 2010.
Net income for the fourth quarter was $6.9 million compared to net income of $5.3 million for the fourth quarter in 2010. Non-GAAP net income for the fourth quarter was $13.3 million compared to $5.2 million for the fourth quarter in 2010.
LinkedIn is adding about two new members per second and hit 150 million members in over 200 countries and territories. Revenue for the first quarter in 2012 is projected to be $170-$175 million. Revenue for the full year is expected to be in the range of $840-$860 million.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry