LinkedIn Announces Q3 2012 Results: Revenue Was $252 Million, EPS Was $0.02

Posted on Nov 2 2012 - 4:30am by Editorial Staff

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The largest professional network website has announced its financial results for the third quarter ended September 30, 2012. The company reported the revenue for the third quarter was $252.0 million, an increase of 81% compared to $139.5 million in the third quarter of 2011. Net income for the third quarter was $2.3 million, compared to a net loss of $1.6 million for the third quarter of 2011.

Non-GAAP net income for the third quarter was $25.1 million, compared to $6.6 million for the third quarter of 2011.Adjusted EBITDA for the third quarter was $56.0 million, or 22% of revenue, compared to $24.7 million for the third quarter of 2011, or 18% of revenue. GAAP diluted EPS for the third quarter was $0.02; Non-GAAP diluted EPS for the third quarter was $0.22.

“Increased member activity led to sustained growth across our talent, marketing, and premium product lines, resulting in record levels of adjusted EBITDA as well as record operating and free cash flow,” said Steve Sordello, CFO of LinkedIn. “We expect a strong finish to the year behind momentum in both our engagement and monetization platforms.”

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