LinkedIn Reports Q4 Financials, Easily Beats Estimates As User Base Passes 200 Million

LinkedIn Earnings

Social enterprise network LinkedIn has destroyed Q4 2012 estimates. On Thursday the company announced revenue for the quarter of $303.6 million, and earnings per share of $0.35, on a non-GAAP basis. Analysts had expected LinkedIn to earn $280 million with an earnings per share of $0.19.

LinkedIn was down several points in early trading before the social network increased quarterly revenue by 81 percent year-over-year. LinkedIn also announced a 39 percent increase in users year-over-year with more than 200 million active users now taking advantage of the network.

Net income on a non-GAAP basis rose from $13.3 million to $40.2 million year-over-year. On a GAAP basis numbers climbed from $6.9 million to $11.5 million.

LinkedIn was valued at $13.3 billion before announcing its higher than expected quarterly earnings.

In its sequential quarter LinkedIn reported revenue of $252 millions with $0.22 earnings per share.

International revenue for Q4 2012 accounted for 38 percent of LinkedIn’s revenues, despite two-thirds of its user base living outside of the United States.

Through all of 2012 LinkedIn took in $972.3 million in revenue with non-GAAP earnings per share of $0.89.

LinkedIn estimates Q1 2013 revenue of $305 million to $310 million. For 2013 LinkedIn predicts between $1.41 and $1.44 billion.



Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.