Feeds

LinkedIn SHOCK: Social-for-Suits ISN'T a flash in the pan

Ads? They're OK, but there are other ways to make money

Next gen security for virtualised datacentres

LinkedIn has once again proved that a social network can make money, just as long as it's got more than one way for the cash to roll in.

The network for professionals topped analysts' expectations for profit and revenue in the third quarter of 2012 as its advertising business continued to do very well and its job listings unit leapt forward.

LinkedIn made a big splash early on, but unlike firms such as Zynga and Facebook, the website has lived up to its early promise. It has repeatedly performed better than pundits expected since its IPO in May last year.

As well as connecting professionals, and showing them ads, the network gets a tidy bundle of cash from premium subscriptions, and just over half of its revenue comes from its recruitment business, which encourages companies to use the site to offer jobs and hire people.

LinkedIn said its revenue for the third quarter was $252m, up 81 per cent from the same quarter last year, while net income was $2.3m compared to a net loss of $1.6m the year before. The biggest boost to revenue came from its talent division, which nearly doubled its take from last year.

The company now expects its full-year revenues to be higher, landing somewhere between $939m and $944m instead of the $915m and $925m it previously forecast. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.