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Job board results: LinkedIn, Monster, DHI, CareerBuilder

November 02, 2015

Revenue was generally lower at job boards in the third quarter when compared to a year ago amid product changes. The exception was LinkedIn Corp. (NYSE: LNKD).

The social networking site reported revenue rose 37% in the third quarter to $780 million. That includes $41 million in revenue from lynda.com, which LinkedIn acquired earlier this year.

Revenue from LinkedIn’s “talent solutions” segment, posted a 45.7% increase in the third quarter to $502.1 million. The talent solutions segment includes revenue from LinkedIn Recruiter, LinkedIn Career pages, lynda.com and more.

LinkedIn reported revenue also rose in its other segments — up 28% in the third quarter to $140 million in marketing solutions, and up 21% to $138 million in premium subscriptions. However, the company posted a net loss of $40.5 million compared to a net loss of $4.3 million in the year-ago quarter.

Monster Worldwide Inc. (NYSE: MWW) reported revenue fell 7% in the third quarter to $167.1 million — but the decline was 3% in constant currency.

“Our new product strategy continued to gain traction with wider customer acceptance on a global basis,” CEO Tim Yates said in a press release. “Revenue was essentially flat as stronger than anticipated results from Europe were offset by weaker than expected results in North America.

Revenue from Monster’s “careers – North America” operations fell 4% in the third quarter to $119.4 million. Revenue from “careers – International” operations fell 13% to $47.6 million, but was flat in constant currency.

Monster’s net income rose to $10.4 million compared to a loss of $1.7 million in the year-ago quarter.

DHI Group Inc. (NYSE: DHX), the parent company of job board Dice, reported third-quarter revenue fell 4% to $65.1 million. However, revenue was down just 2% in constant currency.

Revenue in the company’s core businesses all rose on a constant currency basis except for energy. The company also announced plans to sell its Slashdot business.

Third-quarter net income at DHI fell 31% to $6.5 million.

CareerBuilder is reported as part of Tegna (NYSE: TGNA), in that company’s “digital segment,” which also includes Cars.com business. The segment generated $351.1 million in revenue in the third quarter, up 72%, driven by the acquisition of Cars.com and organic growth at the automotive site. Tegna owned a portion of Cars.com, but it acquired the remaining 73% stake in that it did not already own in October 2014.

Tegna did not bread out CareerBuilder revenue, but reported:

“CareerBuilder revenue in the third quarter would have been up in the low-single digits excluding the impact of the strategic decision to reduce sales of certain lower margin advertising and services products to focus on more lucrative, long-term recurring software deals as well as unfavorable exchange rates. As a result, revenue from human capital software solutions was up 24.1% in the quarter. CareerBuilder revenue was 3.7% lower on a constant currency basis.”