View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 1, 2015

LinkedIn Q1 loss widens, cuts revenue forecast

Second-quarter revenue is expected to be in the range of $670m to $675m.

By CBR Staff Writer

LinkedIn has reported a net loss of $43m, or $0.34 per share, for the first quarter of 2015, compared to $13m, or $0.11 per share, posted in last year’s quarter.

Revenue of the career networking website has however increased 35% to $638m in Q1, compared to $473m for the same period last year.

Revenues from talent solutions products increased 36% to $396m, while revenue from marketing solutions products grew 38% to $119m. Revenue from premium subscriptions products surged 28% to $122m.

US revenue of $389m comprised 61% of the company’s total revenue in Q1, while international revenue of $248m represented the remaining 39%.

Revenue from the field sales channel was $393m and online channel sales revenue totalled $244m.

LinkedIn CEO Jeff Weiner said, "Q1 was a solid quarter in which we made meaningful progress against our multi-year strategic roadmap.

"During the quarter, we maintained steady growth in member engagement while achieving strong financial results."

Content from our partners
The growing cybersecurity threats facing retailers
How to integrate security into IT operations
How Kodak evolved to tackle seismic changes in the print industry and embrace digital revolution

Commenting on the results, LinkedIn CFO Steve Sordello said: "This performance comes amidst the backdrop of several important strategic investments to better position the business to execute on our long-term roadmap."

The company, which has over 350 million users globally, expects its second-quarter revenue to be in the range of $670m and $675m and full-year revenue to be about $2.90bn.

LinkedIn has earlier this month agreed to acquire privately-held online education company for about $1.5bn.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. 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.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy