LinkedIn Revenue Up 59%
LinkedIn released its earnings report for the second quarter, with revenue up 59% year-over-year at $363.7 million, beating Wall Street estimates. Net income was $3.7 million, compared to $2.8 million in the second quarter last year.
The company also announced that its membership reached 238 million, with growth accelerated to 37% year-over-year. The growth, the company says, is mainly due to product optimization. Mobile engagement, LinkedIn says, was up 40%.
“Accelerated member growth and strong engagement drove record operating and financial results in the second quarter,” said CEO Jeff Weiner. “We are continuing to invest in driving scale across the LinkedIn platform in order to fully realize our long-term potential.”
LinkedIn stock was up +12.75? (5.99%?) in after hours trading.
|Small Business News is brought to you by iEntry, Inc.|