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Publicly Traded Jobs Sites Post Q1 Growth

May 04 2012

LinkedIn reported Thursday its hiring solutions revenue jumped more than 120 percent in the first quarter. Other major publicly traded online jobs sites also posted growth in the first quarter with bookings increasing at one operator and revenue rising at two others, according to earnings statements.

Hiring solutions revenue at LinkedIn (NYSE:LNKD), which includes LinkedIn Recruiter and other offerings for recruiters, rose 121.4 percent year-over-year to $102.6 million in the first quarter. Hiring solutions accounted for 54.4 percent of LinkedIn’s first-quarter revenue.

First-quarter bookings at Monster Worldwide Inc. (NYSE: MWW) rose 5 percent year-over-year to $274 million and include a previously announced $23 million contract with the U.K. Department for Work and Pensions. Bookings in Monster’s “careers – North America” segment rose 6 percent.

Bookings represent the value of contractual orders received during a specified period. First-quarter revenue at Monster edged down 5.9 percent to $246.1 million. The careers – North America segment’s first quarter revenue edged down 1.0 percent to $119.8 million and “careers – international” segment first-quarter revenue slipped 0.3 percent to $106.9 million.

Gannett Co. Inc. (NYSE: GCI) owns a 52.9 percent stake in CareerBuilder and includes the job board’s revenue in its financial reporting. CareerBuilder’s U.S. first-quarter revenue rose 8.3 percent and international revenue rose 40-plus percent, Gannett management said in a conference call with analysts.

CareerBuilder’s revenue is included in Gannett’s “digital” segment which had first-quarter revenue of $168.4 million, up 6.8 percent from the year-ago quarter. CareerBuilder represents the lion’s share of digital segment revenue, according to Gannett. Other digital segment divisions include PointRoll, ShopLocal, Reviewed.com and Planet Discover.

Dice Holding Inc. (NYSE: DHX), operator of the Dice.com technology jobs site and other specialized job sites, reported revenue rose 15.1 percent to $46.1 million.

“During the quarter, we continued to see strong recruiting activity in our technology and energy verticals, while activity in financial services slowed as expected,” said Scott Meland, chairman, president and CEO. Dice.com revenue rose 21 percent, and its Rigzone site posted 32 percent year-over year revenue growth. However, dice reported revenue at its eFinancialCareers site fell 5 percent.

LinkedIn also announced Thursday that it acquired SlideShare, a website that allows users to share presentations, for $118.8 million.


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