LinkedIn reported first-quarter-2016 revenue of $861 million, up 35 percent compared with the year-earlier period.
The company broke out its revenue as follows:
- Talent Solutions: $558 million, up 41 percent year-over-year–$502 million from Hiring, up 27 percent, and $55 million from Learning and Development.
- Marketing Solutions: $154 million, up 29 percent compared with the first quarter of 2015.
- Premium Subscriptions: A 22 percent year-over-year gain, to $149 million.
LinkedIn reported adjusted earnings before interest, taxes, debt and amortization of $222 million and a generally accepted account principles net loss of $46 million, or $0.35 per share.
Chief financial officer Steve Sordello said in a blog post:
We are off to a good start in 2016 with strength in our core and emerging businesses, and we continue to invest heavily in innovation and in our core products, while at the same time driving focus and scale to enable growth and leverage across the business.
Readers: What are your thoughts on LinkedIn’s first-quarter-2016 financial results?
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