Via Scoop.it – internetbillboards
LinkedIn shared its Q2 earnings today in its first earnings announcement as a public company. Usage numbers are up significantly, with 115.8 million members, up 61% from Q2 2010, and 81.8 million monthly unique visitors, 83% more than last year.
Net revenue growth was not as strong, but CEO Jeff Weiner says this is due to heavy reinvestment in the growth and development of the site. LinkedIn earned $4.5 million in net income this quarter, compared to $4.3 million last year, just a 5% increase.
But their top-line revenue was up considerably, more than doubling since Q2 2010. Before costs, they pulled in $121 million last quarter.
- LinkedIn’s user base skyrockets. Profits, not so much. (gigaom.com)
- LinkedIn Now Adding Two New Members Every Second (techcrunch.com)
- LinkedIn beats expecations in first earnings report after going public (zdnet.com)
- Silicon Alley Insider: LIVE EARNINGS COVERAGE: SURPRISE! LinkedIn Shows Profits (LNKD) (businessinsider.com)
- LinkedIN Registers Big Earnings Beat (thestreet.com)
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