Linkedin posts $534 million in revenue for Q2 2014
After Yahoo! and Facebook, it's Linkedin's turn to beat the Q2 2014 earnings expectations.
Today, Linkedin announced its financial results for the second quarter 2014 which indicates the strong results across the business.
Revenue for the second quarter was $534 million, an increase of 47% compared to $364 million in the second quarter of 2013.
The success of sponsored updates, scaling jobs, and the launch of the new 'Sales Navigator' underscore the positive impact of recent strategic investments. Steve Sordello, CFO - Linkedin mentioned in the official blog that the company will continue to invest aggressively in our member and customer platforms.
Further bifurcation of the revenue is as follows:
- Talent Solutions: Revenue from Talent Solutions products totaled $322 million, an increase of 49% compared to the second quarter of 2013. Talent Solutions revenue represented 60% of total revenue in the second quarter of 2014 and 2013.
- Marketing Solutions: Revenue from Marketing Solutions products totaled $106 million, an increase of 44% compared to the second quarter of 2013. Marketing Solutions revenue represented 20% of total revenue in the second quarter of 2014 and 2013.
- Premium Subscriptions: Revenue from Premium Subscriptions products totaled $105 million, an increase of 44% compared to the second quarter of 2013. Premium Subscriptions represented 20% of total revenue in the second quarter of 2014 and 2013.
Related read:
LinkedIn comes out with a new and improved avatar of its mobile app for Android and iOS
