LinkedIn reaches 10 million members in the UK

Social

by Tineka Smith| 17 September 2012

The professional social networking site reached a milestone with 4 out of 5 UK professional now using LinkedIn.

According to LinkedIn, the company's UK membership has tripled in less than three years. In 2009, the company only had 3 million UK members using the site.

"We are honored to be a part of the growth and connectedness of one of the world's most important economies," said LinkedIn in a statement.

The UK is currently LinkedIn's third largest market worldwide following the United States and India.

LinkedIn UK

LinkedIn has had an impressive year with the company's performance shattering analyst expectations.

LinkedIn reported that the company was up 89% in revenue during its second quarter with $228.2m compared to $121m in the second quarter of 2011.

Their second quarter performance outdid their predicted Q2 revenues of $210m-$215m.

However, the company had a net loss of $1.7m since its second quarter last year. Its net income was $2.8m compared to $4.5m during the same period last year.

"Our ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth," said LinkedIn in a statement.


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