LinkedIn’s second-quarter earnings report has shown good times for the business social network, with its revenue margin from the second quarter of 2013 to the second quarter of 2014 leaping 43pc to US$534m.
LinkedIn also confirmed its net loss for the last quarter amounted to US$1m while its non-GAAP net income has been valued at about US$63m compared to US$44m during the second quarter of last year.
This puts the company’s earnings ahead of analysts’ previous estimates of US$0.12 a share, lower than the current US$0.51 a share.
It would appear LinkedIn is exceeding expectations, having previously been questioned about its place in the larger online market. The company has seen considerable growth in its user base in the past year, and now has more than 300m members worldwide.
The site now generates more than 30,000 weekly long-form posts after it opened up its advice and blog section to all of its users last February, with traffic to publisher and Influencer posts having risen by more than 100pc.
In terms of the future, LinkedIn expects to see similar to better earnings in the third quarter and its full-year report, with their estimates putting revenues between US$543m-US$547m for the third quarter and between US$2.14bn-US$2.15bn for the full year.
LinkedIn’s CEO Jeff Weiner believes the company has shown great potential for the future.
“We made significant progress against several key strategic priorities, including increasing the scale of job opportunities on LinkedIn, expanding our professional publishing platform, and continuing the strategic shift towards content marketing through Sponsored Updates.”
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