View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

Recruiting business boosts LinkedIn’s Q2 revenue by 33%

The company now has about 380 million members.

By CBR Staff Writer

LinkedIn has reported a 33% increase in its second-quarter revenue to $712m due to strong growth in its business serving recruiters.

The company reported an approximate 380 million members at the end of the quarter, an increase of 21% fromlast year.

Revenue from the company’s talent solutions business increased 38% to $443m, and marketing solutions revenue grew 32% to $140m.

Premium subscription revenue was $128m, an increase of 22% compared to the same period last year.

Net loss was $68m, or $0.53 diluted earnings per share, compared to $1m, or $0.01 diluted earnings per share, in the year-ago period.

In Q2, LinkedIn acquired privately-held online education company lynda.com for about $1.5bn. It added 6,800 courses to the LinkedIn platform via 280,000 videos across five languages.

LinkedIn CEO Jeff Weiner said: "LinkedIn continued to deliver increased member and customer value in the second quarter while delivering solid financial results.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load

"We continued to invest in our long-term strategic roadmap and began integrating the acquisition of lynda.com that closed during the quarter."

LinkedIn expects its third quarter revenue to be in the range of $745m and $750m.

The company said the global expansion is also a core part of connecting members to their professional world. It recently reached the 10 million member milestone in China, up from 4 million last February.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
THANK YOU