LinkedIn : Revenues Jump 59% (Congrats)

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BALASUBRAMANI MARIAPPAN
LinkedIn reported another good quarter on Thursday as the company’s revenues jumped 59% to $363.7 million and earnings came in at $0.38 per share, beating the consensus estimate of $0.31.”Accelerated member growth and strong engagement drove record operating and financial results in the second quarter,” said Jeff Weiner, CEO of LinkedIn, in a release from the company. “We are continuing to invest in driving scale across the LinkedIn platform in order to fully realize our long-term potential.”

Membership for LinkedIn also hit 238 million.

LinkedIn’s stock, which had been up more than 4% before the announcement on Thursday, rose another 4% in afterhours trading.

LNKD Chart

LNKD data by YCharts

Image: Getty, Stan Honda

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