LinkedIn shares up after hours on revenue rise

Lynsey Barber
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Jeff Weiner is happy with LinkedIn's latest numbers (Source: Getty)

The figures

LinkedIn's fourth quarter revenue came in at $643m, up 44 per cent year-on-year, well ahead of expectations of $617m, taking full-year revenue to $2.2bn, up 45 per cent on 2013's $1.5bn

Shares were up six per cent in after-hours trading.

Revenue from its recruitment business, marketing solutions and premium subscriptions were all up, 41 per cent, 56 per cent and 38 per cent respectively in the quarter.

Some 60 per cent of the quarter's revenue came from its home US market and 40 per cent from international markets.

Why it's interesting

LinkedIn continues to grow solidly and has surged ahead of more glamorous social networks with solid revenue streams and money-making products.

What Twitter said

LinkedIn chief Jeff Weiner said:

"The fourth quarter capped another successful year for LinkedIn, which was marked by steady member growth and strong financial results. We continued to make significant progress against a number of multi-year, strategic initiatives including mobile, jobs, content, and global expansion."

In short

Another set of positive numbers from LinkedIn will keep Wall Street happy.

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