LinkedIn Conference Call Highlights
LinkedIn (NYSE: LNKD) released its earnings on Thursday. Shares of the company were last up 8.6 percent.
Below are some key highlights from the company's conference call:
Growth and Results:
o LinkedIn delivered strong financial results in the second quarter while maintaining continued investment in our member and customer offerings.
o We made significant progress against several key strategic priorities including increasing the scale of job opportunities on LinkedIn.
o For Q2, overall revenues grew 47% to $534 million. We delivered adjusted EBITDA of $145 million, and non-GAAP EPS of $0.51.
o We continue to see healthy member engagement dynamics across LinkedIn, especially in light of the challenging year-over-year comparison that we discussed last quarter.
o During Q2, cumulative members grew 32% to 313 million, internally-measured unique visiting members to LinkedIn grew 13% to an average of 84 million per month.
o Internal member page views grew 22% to 25 billion for the quarter, well ahead of unique member growth.
o Organic engagement is one area of particular strength, driven by our mobile and content efforts.
o Homepage traffic, as measured by unique visiting members, continues to outpace overall site traffic growth, increasing approximately 40% faster over the past year.
o Mobile also continues to drive a growing share of engagement, growing more than three times as fast as overall uniques.
o Mobile now accounts for 45% of total traffic to LinkedIn.
o We also continue to grow the network through international expansion. 67% of LinkedIn members come from outside the United States.
o After launching our Simplified Chinese site in February, China has now become our fastest-growing major market for new members over the past several months.
o On knowledge, we continue to see LinkedIn members embrace the idea of creating and consuming long-form content through the publishing platform.
o Thus far, we've ramped the functionality to over 15 million members, on our way to opening up publishing to every member on LinkedIn.
o Since launching in February, traffic to publisher and Influencer posts is up more than 100%.
o Finally, two weeks ago, we announced the acquisition of Newsle to accelerate our ability to deliver relevant content to our members.
o In Q2, Talent Solutions grew 49% to $322 million; Marketing Solutions was up 44% to $106 million; and Premium Subscriptions increased 44% to $105 million.
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