LinkedIn posts 46% hike in Q1 revenues

Desktops

by | 02 May 2014

Social network hopes to achieve revenues of $500m in the next quarter.

LinkedIn reported revenues of $473m for the first quarter of 2014, an increase of 46% compared to $325m for the same quarter last year.

Yet the company posted a net loss attributable to common stockholders at $13.4m for the first quarter of 2014, compared to a net income of $22.6m for Q1 of the previous year.

Revenue from marketing was above $100m, similar to the revenue from premium subscriptions, while revenue from Talent Solutions was more than a quarter of a billion. International market revenue was $188m, and that from the US $285m.

In the first quarter of 2014, LinkedIn launched an analytics dashboard, and a new version of Who's Viewed Your Profile. It also opened its professional publishing platform, in addition to launching a beta version in Simplified Chinese.

Chief executive LinkedIn Jeff Weiner, said: "The first quarter was strong for LinkedIn in terms of our member engagement and financial results.

"We made significant progress against several strategic priorities including expanding internationally with our China launch, extending our shift to content marketing, and furthering our goal to make LinkedIn the definitive professional publishing platform by giving members the ability to publish long-form content."

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