Professional social network Linkedin last week reported its financial results for the second quarter ended June 30, 2012 with key operating and financial metrics showing solid performance.
In contrast to the wailing Facebook listing and less than impressive first quarter results from the social media giant, Linkedin continues to perform strongly in a financial sense despite having a far lower number of registered and active users than Facebook.
Here are some of the highlights from the reported results:
*Revenue for the second quarter was US$228.2 million, an increase of 89 percent compared to $121.0 million in the second quarter of 2011./p>
*Net income for the second quarter was $2.8 million, compared to net income of $4.5 million for the second quarter of 2011. Non-GAAP net income for the second quarter was $18.1 million, compared to $10.8 million for the second quarter of 2011.
Steve Sordello, Chief Financial Officer at Linkedin, also mentioned that their ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth.
*Hiring Solutions: Revenue from Hiring Solutions products totaled $121.6 million, an increase of 107 percent compared to the second quarter of 2011. Hiring Solutions revenue represented 53 percent of total revenue in the second quarter of 2012, compared to 48 percent in the second quarter of 2011.
*Marketing Solutions: Revenue from Marketing Solutions products totaled $63.1 million, an increase of 64 percent compared to the second quarter of 2011. Marketing Solutions revenue represented 28% of total revenue in the second quarter of 2012, compared to 32 percent in the second quarter of 2011.
*Premium Subscriptions: Revenue from Premium Subscriptions products totaled $43.5 million, an increase of 82 percent compared to the second quarter of 2011. Premium Subscriptions represented 19 percent of total revenue in the second quarter of 2012, compared to 20 percent of revenue in the second quarter of 2011.
A presentation of the financial results is available on slideshare.
