LinkedIn reports revenue up 47% year-on-year, quarter of revenue from marketing
LinkedIn has revealed its Q4 2013 earnings, with revenue from marketing solutions products totalling $113.5m – 25 per cent of total revenue in the fourth quarter of 2013.
The report states that revenue for the fourth quarter was $447.2m, an increase of 47 per cent compared to $303.6m in the fourth quarter of 2012.
Premium subscriptions accounted for $88.m (20 per cent) of revenue.
Non-GAAP (generally accepted accounting principles) net income for the fourth quarter was $48.2m, compared to $40.2mfor the fourth quarter of 2012.
Steve Sordello, chief financial officer at LinkedIn, explained: “Moving forward, we are investing significantly in a focused number of long-term initiatives that will allow us to realise our vision to create economic opportunity for every member of the global workforce.”
This comes in the same weak as Twitter reported a net loss of $511m.