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

New hybrid storage solutions

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. ®

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.