LinkedIn surpasses 400M users, tops Q3 targets with strong Q4 outlook

LinkedIn now boasts more than four million active job listings, compared to roughly one million a year ago.

LinkedIn published solid third quarter financial results after the bell on Thursday, prompting shares to pop in after-hours trading.

The social network reported a net loss of $41 million, or 31 cents per share (statement).

Non-GAAP earnings were 78 cents per share on a revenue of $780 million, up 37 percent year-over-year.

Wall Street was looking for earnings of 46 cents per share with $755.64 million in revenue.

LinkedIn stipulated that includes $41 million in revenue from its new subsidiary, the subscription-based online learning portal

"The ongoing integration of progressed in Q3 with the launch of new LinkedIn Influencer courses and new features for our members," explained CEO Jeff Weiner, in prepared remarks. "And the enterprise business remains strong; last quarter, lynda signed an existing customer to multi-year renewal for more than four million dollars, the largest deal in its history."

The Mountain View, Calif.-based company acquired in April for $1.5 billion, marking LinkedIn's largest acquisition to date.

LinkedIn grew its membership base to 396 million by the end of the quarter, and it surpassed 400 million as of last week.

The professional social network saw growth elsewhere on its platform too. LinkedIn now boasts more than four million active job listings, compared to roughly one million a year ago.

Monthly job page views were up over 90 percent year over year in September followed by a 75 percent jump in applications to those jobs.

CFO Steve Sordello elaborated on results by department throughout the report, boasting recent product releases have been driving engagement further.

"In terms of our business lines, Talent Solutions performed well, while Marketing Solutions remained stable," said Sordello.

Talent Solutions revenue grew by 46 percent year-over-year to $502 million. Marketing Solutions also grew, albeit by 28 percent annually, to $140 million while Premium Subscriptions climbed 21 percent to $138 million.

For the current quarter, Wall Street is looking for non-GAAP earnings of 67 cents per share with $845.73 million in revenue.

LinkedIn followed up with a Q4 revenue guidance range of $845 million and $850 million and non-GAAP earnings at 74 cents per share.

For the full year, LinkedIn is expecting to close out 2015 with annual revenue between $2.975 billion and $2.980 billion and earnings of $2.63 per share.


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