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October 30, 2015

LinkedIn’s Q3 revenue jumps 37%

News: Net loss widened to $40.5m.

By CBR Staff Writer

LinkedIn has reported a 37% increase in Q3 revenue to $780m, driven by growth across all segments.

Net loss attributable to shareholders widened to $40.5m, or $0.31 per share from $4.3m, or $0.03 per share reported in Q3 2014.

Revenue from the company’s Talent Solutions unit increased 46% year-over-year to $502m. Marketing Solutions revenue grew 28% to $140m, and Premium Subscriptions revenue rose 21% to $138m.

LinkedIn CFO Steve Sordello said: "LinkedIn achieved strong performance across all three product lines during the quarter.

"We remain focused on pursuing long-term investments to achieve future growth and increased profitability."

Third quarter cumulative members grew 20% to 396 million, while unique visiting members increased 11% to an average of 100 million per month.

The company said mobile continues to increase at double the rate of overall member activity, and now represents 55% of all traffic.

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Earlier this month, LinkedIn announced an overhaul of its mobile app experience and unveiled new features.

The company has also revamped its messaging service, allowing users to attach photos and documents as well as stickers, emojis and GIFs to their messages.

The fourth quarter revenue is expected to be between $845m and $850m. For the full year, revenue is anticipated to be in the range of $2.975bn and $2.980bn.

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