TweetLinkedin Corporation (NYSE:LNKD), Google+ and Facebook Inc (NASDAQ:FB)s latest competitor in the social network market, released their 2nd Q earnings statement today.
The earnings report included the following information:Revenue was up 89%, at $228.2 million, versus last years 2nd Q amount of $121 million.
The most directly comparable GAAP financial results for these non GAAP financial measures are Net income (loss), Net income (loss) and Net income (loss) per share, respectively.
The adjusted EBITDA for this quarter was 22%, or $50.4 million, while last years report for the same quarter was $26.3 million.
Company Chief Executive Officer, Jeff Weiner, announced in his statement, LinkedIn had a strong 2nd quarter, with all of our key operating and financial metrics showing solid performance.
Our ongoing investment in product innovation drove healthy engagement, as measured by unique visiting members, and member page views, and our 3 revenue streams all experienced significant growth.
The company generated $121.6 million in revenue from its hiring solutions, while marketing hit a total of $63.1 million.
Premium memberships brought $43.5 million in revenue, which is an 82% increase and represents 19% of total revenue for this quarter.
The sales channel brought 57% of the companys revenue, and an amount of $129.4 million.
Revenue from six inch wafer sales increased 84 percent sequentially to $10.1 million and represented 59 percent of revenue for the quarter.
The report also included a list of accomplished goals for the 2nd quarter, which entailed several important strategic plans.
Linkedin Corporation (NYSE:LNKD) launched its first app for the iPad, as well as releasing targeted status updates to its users with active company profiles.
It will be a good year for Linkedin Corporation (NYSE:LNKD) as they attempt to compete with giants like Facebook Inc (NASDAQ:FB) and Googles Google+.
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