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World – LinkedIn continues strong growth in Q2

31 July 2015

LinkedIn (LNKD: NYSE), the online professional network, yesterday reported revenue for the second quarter ending June 2015 of USD 712 million, an increase of 33.3% from USD 534 million during the same period last year. 

Unique visiting members to jobs-related pages improved approximately 40% year-over-year, while the recently launched Job Search app reached more than 3 million activations from approximately 1 million during the first quarter. In addition, the number of jobs on the platform also increased to nearly 4 million from approximately 1 million last year.

In the second quarter, the company closed the $1.5 billion acquisition of lynda.com, adding to the LinkedIn platform 6,800 courses through 280,000 videos across five languages.

Jeff Weiner, CEO of LinkedIn, commented: "LinkedIn continued to deliver increased member and customer value in the second quarter while delivering solid financial results. We continued to invest in our long-term strategic roadmap and began integrating the acquisition of lynda.com that closed during the quarter.”

LinkedIn generates revenue from three primary business segments:

  Q2 2015 Q2 2014 Change
Talent Solutions USD 443 million USD 322million +38%
Marketing Solutions USD 140 million USD 106 million +32%
Premium Subscriptions USD 128 million USD 105 million +22%

In terms of geography, the impact from currency and continued weakness in EMEA Marketing Solutions resulted in a decline in the percentage of revenue generated outside the US, from 40% last year to 38% in the second quarter:

  Q2 2015 Q2 2014 Change
EMEA USD 169 million USD  135 million +25%
APAC USD 59 million USD 46 million +28%
Other Americas USD  40 million USD 36 million +12%
United States USD  445 million USD 318 million +40%
Total USD 712 million USD 534 million +33%

Looking forward, the company expects revenue of between USD 745 million and USD 750 million in Q3 2015. For the full year, revenue is expected to be USD 2.94 billion, up from an earlier forecast of 2.90 billion.

In trading yesterday, the company’s share price closed down 2.9% at USD 227.15, an increase of 621.28% compared with a year ago. Based on its current share price, the company has a market value of USD 29.22 billion.