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LinkedIn Q4 Revenues Up 47% – Full Year Up 57%

LinkedIn Corporation (NYSE:LNKD), the world’s largest professional network on the Internet, with approximately 277 million members, reported quarterly revenue for the fourth quarter was $447.2 million, an increase of 47% compared to $303.6 million in the fourth quarter of 2012.  Net income for the fourth quarter was $3.8 million, compared to net income of $11.5 million for the fourth quarter of 2012. 2013 full year revenues were $1.525bn, up 57%.  Net income was US $26.7 million.

“Solid fourth quarter performance capped another successful year where improvements in scale and relevance across our platform led to strong member engagement,” said Jeff Weiner, CEO of LinkedIn. “Moving forward, we are investing significantly in a focused number of long-term initiatives that will allow us to realize our vision to create economic opportunity for every member of the global workforce.”

  • Talent Solutions:  Revenue from Talent Solutions products totaled $245.6 million, an increase of 53% compared to the fourth quarter of 2012. Talent Solutions revenue represented 55% of total revenue in the fourth quarter of 2013, compared to 53% in the fourth quarter of 2012.
  • Marketing Solutions: Revenue from Marketing Solutions products totaled $113.5 million, an increase of 36% compared to the fourth quarter of 2012. Marketing Solutions revenue represented 25% of total revenue in the fourth quarter of 2013, compared to 27% in the fourth quarter of 2012.
  • Premium Subscriptions: Revenue from Premium Subscriptions products totaled $88.1 million, an increase of 48% compared to the fourth quarter of 2012. Premium Subscriptions represented 20% of total revenue in the fourth quarter of 2013 and 2012.

Revenue from the U.S. totaled $271.1 million, and represented 61% of total revenue in the fourth quarter of 2013. Revenue from international markets totaled $176.1 million, and represented 39% of total revenue in the fourth quarter of 2013.

Revenue from the field sales channel totaled $270.7 million, and represented 61% of total revenue in the fourth quarter of 2013. Revenue from the online, direct sales channel totaled $176.5 million, and represented 39% of total revenue in the fourth quarter of 2013.

Source:  LinkedIn Press Release

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