The company has grown its audience by 38 percent since last year. October 29, 2013 1:26 PM PDT (Credit: LinkedIn) Ten-year-old professional social network LinkedIn continues to grow at an impressive clip, proving that new strategies emphasizing content and mobile apps are working to attract a wider variety of business users. The company said Tuesday that it has grown its member base to 259 million people, up 38 percent year-over-year, and that members are engaging -- just a buzzword for interacting with apps -- at record levels on desktop and mobile devices, according to a press release. Related posts LinkedIn inserts profiles into e-mails LinkedIn latches onto mobile to alter its identity LinkedIn refreshes its mobile lineup, adds profile info to iOS Mail app The new number was included in LinkedIn's third-quarter earnings report, which once again exceed analyst expectations. LinkedIn earned $393 million in revenue in the quarter, up 56 percent from last year, and posted adjust earnings per share of 39 cents. Wall Street was expecting 32 cents on $385.4 million in revenue. LinkedIn, however, posted a net loss of $3.4 million in Q3 due to stock-based compensation expenses. Investors aren't as enamored with LinkedIn as they have been following past reports. The company's stock is down just a smidgen in after-hours trading given weaker than expected guidance for the fourth quarter. Still, LinkedIn has been one of the top performing US stocks in 2013 and is up 114 percent this year. LinkedIn Q3 2013 Earnings Call from LinkedIn This story is developing...
The company has grown its audience by 38 percent since last year.
(Credit: LinkedIn)
Ten-year-old professional social network LinkedIn continues to grow at an impressive clip, proving that new strategies emphasizing content and mobile apps are working to attract a wider variety of business users.
The company said Tuesday that it has grown its member base to 259 million people, up 38 percent year-over-year, and that members are engaging -- just a buzzword for interacting with apps -- at record levels on desktop and mobile devices, according to a press release.
Related posts
- LinkedIn inserts profiles into e-mails
- LinkedIn latches onto mobile to alter its identity
- LinkedIn refreshes its mobile lineup, adds profile info to iOS Mail app
The new number was included in LinkedIn's third-quarter earnings report, which once again exceed analyst expectations. LinkedIn earned $393 million in revenue in the quarter, up 56 percent from last year, and posted adjust earnings per share of 39 cents. Wall Street was expecting 32 cents on $385.4 million in revenue. LinkedIn, however, posted a net loss of $3.4 million in Q3 due to stock-based compensation expenses.
Investors aren't as enamored with LinkedIn as they have been following past reports. The company's stock is down just a smidgen in after-hours trading given weaker than expected guidance for the fourth quarter. Still, LinkedIn has been one of the top performing US stocks in 2013 and is up 114 percent this year.
This story is developing...
