LinkedIn Tops Q4 Expectations, Revenue of $303.6M, Over 200 Million Users
Today LinkedIn reported its fourth quarter financial performance, including revenue of $303.6 million, and earnings per share of $0.35, on a non-GAAP basis. This crushes the Q4 expectations laid out by analysts who expected revenue of $280 million, and earnings per share of $0.19.
LinkedIn’s quarterly revenue is up 81 percent on a year-on-year basis. The number of users crossed 200 million this quarter which is a 39 percent rise from what it was last year.
On a non-GAAP basis, LinkedIn’s net income soared from $13.3 million to $40.2 million, comparing fourth quarters of 2011 and 2012. On a GAAP basis, the numbers from the respective years are a more sober $6.9 million and $11.5 million.
Almost two-thirds of LinkedIn’s user base is international and hence international revenue is key for LinkedIn. But still it get only about one-third of its revenue from international markets meaning they still have to work on monetizing those markets.
For the full calendar year of 2012, LinkedIn had $972.3 million in revenue, and non-GAAP earnings per share of $0.89.