LinkedIn generated $121 million in revenue and $4.5 million in income in Q2, beating Wall Street expectations in its first quarter as a public company.
The business social network earned more than double the $54.9 million in revenue it generated in Q2 2010. As a result, the company earned $4.5 million in net income after taxes, according to today’s financial earnings report. That’s about the same as the $4.29 million it earned in Q2 2010. LinkedIn reported earnings per share (EPS) of $0.04, beating Wall Street estimates that the company would earn $0.01 per share.
The company also released a slew of stats about the health of its social network, claiming record levels of members, unique visitors and pageviews. LinkedIn now has 115.8 million members, up 61% from Q2 2010. Unique visitors are up 83% to 81.8 million per month, while pageviews jumped 80% to 7.1 billion.
LinkedIn shares rose 5.8% in after-hours trading on the positive news to $101. It’s important to note, however, that LinkedIn shares dropped by a whopping 9.59% during today’s stock market freefall.
This is the first earning report for the newly public company. LinkedIn kicked off the tech IPO boom in May and in spectacular fashion. The stock nearly doubled in value in its first day on the market.
More About: earnings, ipo, linkedinFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Thu, 04 Aug 2011 20:29:33 +0000 at http://feeds.mashable.com/~r/Mashable/~3/WKiuyZrqWpw/
Comments: http://mashable.com/2011/08/04/linkedin-q2-beats-street/#comments
The business social network earned more than double the $54.9 million in revenue it generated in Q2 2010. As a result, the company earned $4.5 million in net income after taxes, according to today’s financial earnings report. That’s about the same as the $4.29 million it earned in Q2 2010. LinkedIn reported earnings per share (EPS) of $0.04, beating Wall Street estimates that the company would earn $0.01 per share.
The company also released a slew of stats about the health of its social network, claiming record levels of members, unique visitors and pageviews. LinkedIn now has 115.8 million members, up 61% from Q2 2010. Unique visitors are up 83% to 81.8 million per month, while pageviews jumped 80% to 7.1 billion.
LinkedIn shares rose 5.8% in after-hours trading on the positive news to $101. It’s important to note, however, that LinkedIn shares dropped by a whopping 9.59% during today’s stock market freefall.
This is the first earning report for the newly public company. LinkedIn kicked off the tech IPO boom in May and in spectacular fashion. The stock nearly doubled in value in its first day on the market.
More About: earnings, ipo, linkedinFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Thu, 04 Aug 2011 20:29:33 +0000 at http://feeds.mashable.com/~r/Mashable/~3/WKiuyZrqWpw/
Comments: http://mashable.com/2011/08/04/linkedin-q2-beats-street/#comments
