Another Profitable Quarter for LinkedIn

LinkedIn continues its winning streak with the report of a profitable second quarter in 2012. Once again, hiring solutions brought in the most revenue for the professional network, followed by marketing solutions and premium subscriptions.

The company shared the details in a statement to investors:

  • Revenue for the second quarter was $228.2 million, an increase of 89% compared to $121.0 million in the second quarter of 2011.
  • Net income for the second quarter was $2.8 million, compared to net income of $4.5 million for the second quarter of 2011. Non-GAAP net income for the second quarter was $18.1 million, compared to $10.8 million for the second quarter of 2011. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets.
  • Adjusted EBITDA for the second quarter was $50.4 million, or 22% of revenue, compared to $26.3 million for the second quarter of 2011, or 22% of revenue.
  • GAAP EPS for the second quarter was $0.03; Non-GAAP EPS for the second quarter was $0.16.

“LinkedIn had a strong second quarter with all of our key operating and financial metrics showing solid performance,” said Jeff Weiner, CEO of LinkedIn in a statement. “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.”

The network boasts more than 175 million members.

As for the revenue streams, hiring solutions were up 107% from the second quarter of 2011 at $121.6 million, representing 53% of the total revenue. This time last year, hiring solutions accounted for 48% of the revenue.

Marketing solutions brought in $63.1 million, up 64% from the second quarter of 2011. That made up 28% of the total revenue in the second quarter of 2012, which is down from last year’s 32%.

Premium subscriptions rose 82% in the second quarter of 2012 to $43.5 million. At 19% of the total revenue, the percentage was fairly consistent with revenues in 2011. This time last year, premium subscriptions accounted for 20% of the revenue stream.

Read the full report here.

Image by design36 via Shutterstock.

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