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View All NewsLinkedIn revenue beats expectations; net loss widens
First-quarter revenue from LinkedIn Corporation (NYSE: LNKD) beat expectations, rising 35.0% year over year, or 38% in constant currency. The online networking company reported members rose by 19% in the first quarter to 433 million. Net loss widened.
| (US$ thousands) | Q1 2016 | Q1 2015 | % change |
| Revenue | $860,650 | $637,687 | 35.0% |
| Net loss | -$45,316 | -$42,439 | nm |
Hiring revenue rose 26.7% to $502.4 million. Hiring revenue comes from products for recruiters.
“Larger enterprises represent approximately 70% of customer spend, and we’ve seen healthy growth over the past couple of years in existing customer spending,” CEO Jeff Wiener said in a conference call with analysts. “We also continued to see engagement increase across our product suite, as measured by jobs posted, job applications and inMails sent.”
Revenue by business line
| (US$ thousands) | Q1 2016 | Q1 2015 | % change |
| Hiring | $502,391 | $396,375 | 26.7% |
| Learning & development | $55,256 | -- | nm |
| Marketing solutions | $154,147 | $119,192 | 29.3% |
| Premium subscriptions | $148,856 | $122,120 | 21.9% |
Learning and development revenue comes from LinkedIn’s acquisition of education website Lynda.com. LinkedIn also reports marketing solutions revenue (advertising) and premium subscriptions revenue.
Revenue by geography
| (US$ thousands) | Q1 2016 | Q1 2015 | % change |
| US revenue | $526,416 | $389,258 | 35.2% |
| International revenue | $334,234 | $248,429 | 34.5% |
Separately, LinkedIn recently launched a freelancer-for-hire market place, according to news reports.
Guidance
LinkedIn forecast second-quarter revenue of between $885 million and $890 million. Full-year revenue is forecast to range between $3.65 billion and $3.70 billion.
Share price and market cap
Shares in LinkedIn rose 0.85% in early afternoon trading to $123.99. The company had a market cap of $16.56 billion, according to Yahoo!