LinkedIn’s Q2: $228M Revenue, Up 89 Percent Year-Over-Year
LinkedIn’s second quarter financials are out. The company has beat analyst expectations and also raised guidance for the remainder of 2012.
Revenue in Q2 was $228.2 million, which is up 89 percent from a year ago when LinkedIn announced $121 million in Q2 2011 revenue. Analysts were expecting revenue of $216 million for the quarter.
LinkedIn’s revenue was up across its Hiring Solutions products (107 percent increase YoY), Marketing Solutions (64 percent YoY) and Premium Subscriptions (82 percent YoY). U.S. revenues accounted for 65 percent of LinkedIn’s overall income.
The company’s announcement quotes Jeff Weiner, CEO of LinkedIn:
“LinkedIn had a strong second quarter with all of our key operating and financial metrics showing solid performance. Our ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth.”
LinkedIn is also raising its expected revenue figures for the full year, from the previously estimated range of $880 to $900 million to between $915 million and $925 million.
The statement also claims a user base of 175 million people. That figure was 150 million six months ago when LinkedIn announced its Q4 2011 financials.