LinkedIn reports 120% revenue increase in Q2 2011

PanARMENIAN.Net - LinkedIn reported financial results for the second quarter ended June 30, 2011, which saw record levels of members, unique visitors, and page views, while top line growth accelerated. Going forward, LinkedIn plans to continue to invest in the team, technology, and products in order to realize the full potential of the LinkedIn platform.

According to LinkedIn Blog, members grew to 115.8 million, an increase of 61% from the second quarter of 2010. Unique visitors of 81.8 million per month, an increase of 83% from the second quarter of 2010. Page views of 7.1 billion, an increase of 80% from the second quarter of 2010.

Revenue for the second quarter was $121.0 million, an increase of 120% compared to $54.9 million for the second quarter of 2010.

Net income for the second quarter was $4.5 million, compared to $4.3 million for the second quarter of 2010; Non-GAAP net income for the second quarter was $10.8 million, compared to $6.4 million for the second quarter of 2010. Non-GAAP measures exclude tax-effected stock-based compensation expense and tax-effected amortization of acquired intangible assets.

Adjusted EBITDA for the second quarter was $26.3 million, or 22% of revenue, compared to $11.5 million for the second quarter of 2010, or 21% of revenue.

GAAP EPS for the second quarter was $0.04; Non-GAAP EPS for the second quarter was $0.10.