LinkedIn Tops Projections For The 15th Straight Quarter, Soars To Record Highs
Solid growth & fantastic revenues across all business units helped the social networking giant crush their Q4 earnings.
LinkedIn may not be the sexiest social network, but investors have no problem with that. Fueled by Jobs, new sales tools such as “Sales Navigator” and a record number of users, LinkedIn stock has hit an all-time high.
LinkedIn now has 93 million monthly active unique visitors (up from 76 million a year ago) and 347 million members. LinkedIn’s Chinese demographic also jumped to 8 million members, and 70% of all new LinkedIn members were, in fact, international.
Revenue comes from three main locations for LinkedIn, Talent Solutions (Jobs), Marketing Solutions (Ads) and Premium Users. Talent solutions lead the way in revenue, with $369 million (up 41%), followed by Marketing Solutions at $153 million (and the highest growth of 56%) followed by premium subscriptions at $121 million (up 38%). Overall for the Q4 earnings, yesterday LinkedIn (LKND) reported an EPS of $0.61, well above the estimated $0.53 mark.
Afterhours the stock saw trading over the $260 mark, its highest price to date.