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February 11, 2013

LinkedIn reports Q4 2012 revenues of $303.6m

LinkedIn’s successful streak continues.

By Tineka Smith

The company’s net income significantly increased year-over-year with $11.5m in Q4 2012 compared to $6.9m in Q4 2011.

"2012 was a transformative year for LinkedIn," said the company. "We exited 2011 having successfully revamped our underlying development infrastructure. Based on that investment, we said that 2012 would be a year of accelerated product innovation, and it was. The products we delivered throughout the year drove member engagement and financial results to record levels in the fourth quarter."

Revenues increased 86% for the full year of 2012, rising from $522.2m to $972.3m.

LinkedIn’s marketing and talent solutions alone brought it $244.2m of its revenue.

LinkedIn’s third quarter 2012 revenue totalled $252m compared to $139.5m during the same period last year.

The company reported a net income of $2.3m compared to a net loss of $1.6m during Q3 2011.

The company made $138.4m in revenue from its Talent solutions products, a dramatic increase of 95% compared to Q3 2011.

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Revenue from talent solutions accounted for 55% of total revenue for the quarter. LinkedIn’s marketing solutions products totalled $64m, representing 25% of total revenue in the third quarter of 2012.

"LinkedIn had a strong third quarter with all of our key operating and financial metrics showing solid growth," said Jeff Weiner, CEO of LinkedIn. "The last few months mark the most significant period of product development in the company’s history. This accelerated pace of innovation is fundamental to our goal of driving greater engagement on the LinkedIn platform."





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