LinkedIn posts Q3 profit as user growth climbs

Image
ANI Washington
Last Updated : Oct 30 2013 | 1:20 PM IST

LinkedIn has posted its third-quarter earnings results on Tuesday.

The company reported 39 cents in earnings per share on revenue of 393 million dollars.

The company's profits are against analysts' estimates of 32 cents per share on revenue of 385.41 million dollars.

According to the Wall Street Journal, the company added another 21 million monthly active users to its base, bringing the total to 259 million overall, which is a 38 percent year-on-year overall growth for the company.

LinkedIn CEO Jeff Weiner said that increased member growth and engagement helped drive strong financial results in the third quarter.

Weiner added that the company will continue to deliver value to professionals through investment in core products and strategic initiatives such as mobile, students, and the professional publishing platform.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 30 2013 | 1:13 PM IST

Next Story