LinkedIn revenue boom By Asha
LinkedIn Corporation, the world’s largest professional network on the Internet, today reported its financial results for the third quarter ended September 30, 2011:
- Revenue for the third quarter was $139.5 million, an increase of 126% compared to $61.8 million for the third quarter of 2010 - Net loss for the third quarter was $1.6 million, compared to net income of $4.0 million for the third quarter of 2010; Non-GAAP net income for the third quarter was $6.6 million, compared to $6.0 million for the third quarter of 2010 - Adjusted EBITDA for the third quarter was $24.7 million, or 18% of revenue, compared to $11.1 million for the third quarter of 2010, or 18% of revenue - GAAP EPS for the third quarter was $(0.02); Non-GAAP EPS for the third quarter was $0.06 - Members grew to 131.2 million, an increase of 63% from the third quarter of 2010 - Average comScore unique visitors of 87.6 million per month, an increase of 64% from the third quarter of 2010; total comScore page views of 7.6 billion, an increase of 51% from the third quarter of 2010
Revenue from the U.S. totaled $94.0 million, and represented 67% of total revenue in the third quarter of 2011. Revenue from international totaled $45.5 million, and represented 33% of total revenue in the third quarter of 2011. (11/4/2011) |