LinkedIn has posted its Q3 Earnings, The professional online networking company crushed Wall Street expectations with nearly $140 million in third-quarter revenue, LinkedIn revenue grew by 126% to $139.5 million, but the company posted a net loss of 2 cents per share. Investors were unimpressed, sending the company’s stock price down 7% in after-hours trading. LinkedIn CFO said ““LinkedIn plans to maintain a long-term perspective with investment in our key strategic areas.” Despite the after-hours decline, the results beat analysts’s expectations of a loss of 4 cents a share and revenues of about $128 million.” LinkedIn also revealed that it has 131.2 million members at the end of Q3, an increase of 63% year over year.
Here are the key highlights:
- Revenue for the third quarter was $139.5 million, an increase of 126% compared to $61.8 million for the third quarter of 2010
- Net loss for the third quarter was $1.6 million, compared to net income of $4.0 million for the third quarter of 2010; Non-GAAP net income for the third quarter was $6.6 million, compared to $6.0 million for the third quarter of 2010. Non-GAAP measures exclude tax-effected stock-based compensation expense and tax-effected amortization of acquired intangible assets
- Adjusted EBITDA for the third quarter was $24.7 million, or 18% of revenue, compared to $11.1 million for the third quarter of 2010, or 18% of revenue
- GAAP EPS for the third quarter was $(0.02); Non-GAAP EPS for the third quarter was $0.06
- Members grew to 131.2 million, an increase of 63% from the third quarter of 2010
- Average comScore unique visitors of 87.6 million per month, an increase of 64% from the third quarter of 2010; total comScore page views of 7.6 billion, an increase of 51% from the third quarter of 2010
