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LinkedIn Passes 150 Million Users, Reports Strong 4th Quarter
LinkedIn has crossed the 150 million user plateau and today reported a strong 4th quarter that beat Wall Street Estimates.
In its earnings announcement today, LinkedIn reported revenue of $167.7 million, a 105 percent increase over the $81.7 million it earned in Q4 of 2010. It also reported 4th quarter profits of $6.9 million — 12 cents per share. Analysts had projected LinkedIn’s profit to be seven cents per share.
LinkedIn’s 150 million member announcement is about double its membership in the summer of 2010, and almost triple its membership at the end of 2009.
The company also reported that it had 2,116 employees as of the end of 2011, a 114 percent increase over the 990 employees on hand at the end of 2010.