LinkedIn revenues double to $139.5m
Third quarter revenues at LinkedIn, the social networking site for professionals, have more than doubled year on year to $139.5m (£84.6m), though the company made a small loss.
LinkedIn: revenues double
The California-based corporation's reported revenues for Q3 2011 represent a 126% increase compared with revenues of $61.9 million for Q3 2010.
Marketing solutions, which includes ad revenues, increased by 113% year on year to $40.1m.
The network boosted its membership by 63% over the same quarter last year to 131.2 million.
However, it made a net loss of $1.6m, compared with net income of $4m in Q3 2010.
Jeff Weiner, chief executive of LinkedIn, said: "LinkedIn had a strong third quarter, with significant, broad-based growth across all of our revenue streams, member engagement metrics, geographies, and sales channels.
"Our results underscore the long-term strength of our global platform and our business model."
Premium Subscriptions products generated $28.4m, representing 20% of total revenue for Q3 2011.
The US market represented the bulk of LinkedIn’s revenues, generating $94m compared with a figure of $45.5m for the rest of the world.
During Q3, LinkedIn also rolled out revamped mobile apps for iOS and Android platforms, and reported that mobile page views accounted for more than 10% of total LinkedIn page views.
Follow Sophie Maden on Twitter @Sophie_Maden
This article was first published on mediaweek.co.uk
Latest jobs Jobs web feed
- Copywriter fishtank 25k to 40k per year GBP, Marlow, Buckinghamshire
- PR Account Director fishtank 40k to 55k per year GBP, Surrey
- Head of Marketing fishtank 45k to 60k per year GBP, United Kingdom
- Digital Search & Acquisitions Officer Topshop Up to £30,000 per annum + benefits, London
- planner > SHOPPER EVANGELIST > brilliant role for those SUITS looking to move across into PLANNING collectivo £30-40k + bens, London
- Marketing Executive Warner Bros £ Competitive + benefits, Holborn, London
Big Questions Live - Social Media, User Generated Content and the Power of Customer Insight (Webcast) External website
Brand Republic’s first ever online TV show, Big Questions Live wil...
The PR industry’s lack of success at the Cannes Lions festival 201...
Confused by hashtags? Tweetchats? Tweet walls? You’re not alone.Wi...
It’s fair to say we are truly in the age of content marketing, the...
As a nation, the UK is media and technology obsessed with over half of t...
All customers have the potential to become your brand advocates, driving...