LinkedIn revenues skyrocket, limiting losses

31 Oct 2014

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Business social network LinkedIn’s revenues have risen 45pc to US$568m in the third quarter of 2014 in comparison to last year, with losses coming in below expectations, at just US$4.3m.

Users are flocking towards LinkedIn, with the company reporting growth in the third quarter to hit 332 million members. Elsewhere its mobile user numbers are growing at nearly triple the rate of overall unique visitors – now accounting for 47pc of the site’s total traffic.

As reported in the Wall Street Journal, Weiner told analysts that China, which LinkedIn entered earlier this year, has become its second-largest source of new members behind the US. “We’re showing good traction there,” he said.

Earlier this month LinkedIn announced that it’s to invest in a new international headquarters in Dublin that has the capacity to handle the doubling of its workforce from 600 people to 1,200 people.

Construction work on the new international headquarters will begin in May 2015 with building works expected to be completed at the beginning of 2017.

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Gordon Hunt is a journalist at Siliconrepublic.com

editorial@siliconrepublic.com