RSS   Newsletter   Contact   Advertise with us

LinkedIn revenue grows strongly

Share on Twitter Share on LinkedIn
Staff writer ▼ | October 31, 2013
LinkedIn Corporation reported its financial results for the third quarter of 2013. Revenue was $393 million, an increase of 56% compared to $252 million in the third quarter of 2012.
LinkedInLinkedIn Corporation reported its financial results for the third quarter of 2013. Revenue was $393 million, an increase of 56% compared to $252 million in the third quarter of 2012.


Net loss for the third quarter was $3.4 million, compared to net income of $2.3 million for the third quarter of 2012. Non-GAAP net income for the third quarter was $46.8 million, compared to $25.1 million for the third quarter of 2012. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets.

Adjusted EBITDA for the third quarter was $92.8 million, or 24% of revenue, compared to $56.0 million for the third quarter of 2012, or 22% of revenue. GAAP diluted EPS for the third quarter was $(0.03); Non-GAAP diluted EPS for the third quarter was $0.39.

Revenue from the U.S. totaled $245.3 million, and represented 62% of total revenue in the third quarter of 2013. Revenue from international markets totaled $147.7 million, and represented 38% of total revenue in the third quarter of 2013.

Revenue from the field sales channel totaled $227.6 million, and represented 58% of total revenue in the third quarter of 2013. Revenue from the online, direct sales channel totaled $165.4 million, and represented 42% of total revenue in the third quarter of 2013.

For the fourth quarter the revenue is expected to range between $415 million and $420 million. Adjusted EBITDA is expected to range between $98 million and $100 million. The company expects depreciation and amortization in the range of $43 million and $45 million, and stock-based compensation in the range of $55 million and $57 million.


 

MORE INSIDE POST