LinkedIn Reports Q3 Revenues Of $252 Million
LinkedIn has recently reported their Q3 financial results. LinkedIn reported revenues of $252 million and earnings per share of $0.22. Analysts were expecting $244 million in revenues and earnings per share of $0.11.
LinkedIn’s revenues were 81% year-over-year since they brought in $139.5 million in Q3 2011. GAAP earnings per share was $0.02 and non-GAAP net income for the quarter was $25.1 million.
“LinkedIn had a strong third quarter with all of our key operating and financial metrics showing solid growth,” LinkedIn CEO Jeff Weiner said in a statement. “The last few months mark the most significant period of product development in the company’s history. This accelerated pace of innovation is fundamental to our goal of driving greater engagement on the LinkedIn platform.”
LinkedIn has around 189 million members and is expecting to pass the 200 million mark next quarter.@amitchowdhry or on Google+ at +AmitChowdhry