Online professional network LinkedIn, with approximately 380 million members, has reported its results for the second quarter of 2015. The company recorded a net revenues of $712 million, an increase of 33% compared to the same quarter in 2014; and on a constant currency basis an increase of 38% compared to the same quarter last year.
Revenue from talent solutions (inclusive of Learning & Development) was increased by 38% to $443 million, while marketing solutions revenue rose 32% to $140 million. Premium Subscriptions revenue was rose by 22% to $128 million. The firm reported a net loss of $ 68 million, and net income for the quarter was $71 million.
“LinkedIn continued to deliver increased member and customer value in the second quarter while delivering solid financial results,” said Jeff Weiner, CEO of LinkedIn. “We continued to invest in our long-term strategic roadmap and began integrating the acquisition of lynda.com that closed during the quarter.”
During the quarter, the company closed its $1.5 billion acquisition of an online education site lynda.com, adding to the LinkedIn platform 6,800 courses through 280,000 videos across five languages.
For the Q3,2015, revenue is expected to range between $745 million and $750 million. Shares in LinkedIn closed down 2.09% at $227.15 on 30 July. In after hours, they fell a further 4.84%.Category Business