LinkedIn Reports $638 Million In Revenue For Q1 2015, Up 35% YoY
The professionally-focused social media network says 75% of its new members came from outside the US during Q1.
LinkedIn released its Q1 2015 earnings yesterday, reporting a 35 percent year-over-year increase in overall revenue at $638 million.
The professionally-focused social media network grew its total members to 364 million during the first quarter of this year, up 23 percent. LinkedIn reported that more than 75 percent of its new members during Q1 came from outside the US. Unique visiting member numbers increased 18 percent, averaging 97 million per month.
During the earnings call, CEO Jeff Weiner said mobile now represents more than half of all traffic to the site.
“Q1 was a solid quarter, one in which we made meaningful progress against our multi-year strategic roadmap,” states Weiner in LinkedIn’s announcement on its earnings, “During the quarter, we maintained steady growth across all member ecosystem metrics while delivering strong financial results.”
Individual revenue earnings include:
- $396 million from talent solutions, up 36 percent year-over-year and representing 62 percent of total revenue.
- $122 million from premium subscriptions, up 28 percent year-over-year and representing 19 percent of total revenue.
- $119 million from marketing solutions, up 38 percent year-over-year and representing 19 percent of total revenue.
While LinkedIn’s total revenue was up year-over-year, the company saw a slight drop in earnings compared to its Q4 2014 revenue of $643 million. During the earnings call, CFO Steve Sordello noted recent investments, including the acquisition of Bright, Bizio and, the pending acquisition of Lynda.com.
LinkedIn says it expects total revenue to reach $2.9 billion by the end of 2015, a 31 percent year-over-year increase.