LinkedIn revenues double to $139.5m

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.

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This article was first published on mediaweek.co.uk