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

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.