Q4 revenue climbs 47pc to US$447.2m for LinkedIn

7 Feb 2014

Business social network LinkedIn wrapped up its fourth-quarter with US$447.2m in revenue, an increase of 47pc from US$303.6m in the year-ago quarter.

The company’s net income for the quarter fell, however, to US$3.8m from US$11.5m in the fourth quarter of 2012.

Adjusted EBITDA for the fourth quarter of 2013 totalled US$111.4m, or 25pc of revenue, compared to US$78.6m in the year-ago period, or 26pc of revenue.

GAAP diluted earnings per share (EPS) for the fourth quarter amounted to US$0.03, compared to GAAP diluted EPS of US$0.10 for the fourth quarter 2012.

“Solid fourth-quarter performance capped another successful year where improvements in scale and relevance across our platform led to strong member engagement,” said Jeff Weiner, CEO of LinkedIn.

“Moving forward, we are investing significantly in a focused number of long-term initiatives that will allow us to realise our vision to create economic opportunity for every member of the global workforce.”

The number of LinkedIn members now stands at 227m.

Tina Costanza was a journalist and sub-editor at Silicon Republic