LinkedIn revenues up 81pc to US$252m, reports a US$2.3m profit

2 Nov 2012

Professional social network LinkedIn reported third-quarter revenues of US$252m, up 82pc on the US$139.5m last year and a profit of US$2.3m.

Revenues from the US amounted to US$162.4m, representing 64pc of total revenue. Revenues from international markets totalled US$89.7m or 36pc of sales.

The company’s Talent Solutions division, previously its Hiring division, brought in US$138.4m of revenue, up 95pc on last year.

LinkedIn’s Marketing Solutions division reported revenues of US$64m, up 60pc on last year while Premium Subscriptions revenues came in at US$49.6m.

“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.”

LinkedIn is one of the major coterie of ‘born on the web’ companies that have chosen to locate in Dublin, where it employs about 100 people.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years