LinkedIn Financial Results: 115.8 Million Members, $4.5 Million Net Income in Second Quarter 2011

LinkedIn, just reported financial results for the second quarter ended June 30, 2011. In the Q2, "we saw record levels of members, unique visitors, and page views, while top line growth accelerated," informed Steve Sordello."Going forward, we plan to continue to invest in our team, technology, and products in order to increase the value we […]

LinkedIn, just reported financial results for the second quarter ended June 30, 2011. In the Q2, "we saw record levels of members, unique visitors, and page views, while top line growth accelerated," informed Steve Sordello.

"Going forward, we plan to continue to invest in our team, technology, and products in order to increase the value we deliver to members and realize the full potential of the LinkedIn platform," Sordello wrote.

Key highlights from Sordello's blog post:

  • Members grew to 115.8 million, an increase of 61% from the second quarter of 2010
  • Unique visitors of 81.8 million per month, an increase of 83% from the Q2 2010
  • Page views of 7.1 billion, an increase of 80% from the Q2 of 2010
  • Revenue for the second quarter was $121.0 million, an increase of 120% compared to $54.9 million for the Q2 2010
  • Net income for the Q2 was $4.5 million, compared to $4.3 million for the Q2 2010; Non-GAAP net income for the second quarter was $10.8 million, compared to $6.4 million for the Q2 2010. Non-GAAP measures exclude tax-effected stock-based compensation expense and tax-effected amortization of acquired intangible assets
  • Adjusted EBITDA for the second quarter was $26.3 million, or 22% of revenue, compared to $11.5 million for the Q2 2010, or 21% of revenue
  • GAAP EPS for the second quarter was $0.04; Non-GAAP EPS for the Q2 was $0.10

For more information, review press release and associated materials, including our GAAP and non-GAAP reconciliation.

[Via: LinkedIn bog]