LinkedIn Global 200LinkedIn Corporation (NYSE: LNKD), the world’s largest professional network on the Internet, with more than 350 million members, reported revenue for the first quarter of $638 million, an increase of 35% compared to $473 million in the first quarter of 2014.

Net loss attributable to common stockholders for the first quarter was $43 million, compared to net loss of $13 million for the first quarter of 2014. Non-GAAP net income for the first quarter was $73 million, compared to $47 million for the first quarter of 2014. Non-GAAP net income excludes tax affected non-cash items, such as stock-based compensation and amortization of acquired intangible assets. For additional information, see section “Non-GAAP Financial Measures.”

Adjusted EBITDA for the first quarter was $160 million, or 25% of revenue, compared to $117 million for the first quarter of 2014, or 25% of revenue.

First Quarter Operating Summary

  • Talent Solutions: Revenue from Talent Solutions products totaled $396 million, an increase of 36% compared to the first quarter of 2014. Talent Solutions revenue represented 62% of total revenue in the first quarter of 2015 and 2014.
  • Marketing Solutions: Revenue from Marketing Solutions products totaled $119 million, an increase of 38% compared to the first quarter of 2014. Marketing Solutions revenue represented 19% of total revenue in the first quarter of 2015, compared to 18% of total revenue in the first quarter of 2014.
  • Premium Subscriptions: Revenue from Premium Subscriptions products totaled $122 million, an increase of 28% compared to the first quarter of 2014. Premium Subscriptions represented 19% of total revenue in the first quarter of 2015, compared to 20% of total revenue in the fourth quarter of 2014.

Revenue from the U.S. totaled $389 million, and represented 61% of total revenue in the first quarter of 2015. Revenue from international markets totaled $248 million, and represented 39% of total revenue in the first quarter of 2015.

Revenue from the field sales channel totaled $393 million, and represented 62% of total revenue in the first quarter of 2015. Revenue from the online channel totaled $244 million, and represented 38% of total revenue in the first quarter of 2015.

First Quarter 2015 Highlights and Strategic Announcements

In the first quarter of 2015, LinkedIn:

  • Witnessed continued adoption of its professional publishing platform, eclipsing 100,000 member-generated long-form posts for the first time. When combined with SlideShare’s 18 million pieces of unique content, members can increasingly stay informed and discover relevant professional knowledge on LinkedIn.
  • Achieved its mobile moment, with the number of unique visiting members accessing LinkedIn via mobile devices surpassing 50%. LinkedIn continues to rapidly innovate in mobile, launching the LinkedIn Job Search app for Android during the quarter.
  • Introduced an expanded portfolio for its Marketing Solutions business, including the new LinkedIn Lead Accelerator, Network Display advertising, and revamped Sponsored InMail. The new end-to-end product suite allows marketers to reach, nurture, and acquire customers on and off LinkedIn, increasingly making LinkedIn the most effective platform to engage with professionals.

Linkedin stock quote Apr 2015Additionally, earlier this month, LinkedIn announced the pending acquisition of lynda.com, which will change the way people connect to opportunity by combining an extensive library of skills-based video content with the hundreds of millions of members and millions of jobs on LinkedIn.

Following the announcement LinkedIn stock dropped sharply.

Source: LinkedIn