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LinkedIn Reports $1.6 Million Loss, Revenue Up 126%

By TechTaffy Desk

By Vikram Sethi

LinkedIn has reported a $1.6 million loss for the third quarter  of 2011. Revenues increased 126 per cent over $61.8 million for the third quarter of 2010. You can access the company’s earnings presentation here.

The company declared $139.5 million in revenues. Revenues from hiring solutions products totaled $71.0 million, an increase of 160 per cent compared to the third quarter of 2010. Hiring Solutions revenue represented 51 per cent of total revenue for the third quarter. Revenues from marketing solutions products totaled $40.1 million, an increase of 113 per cent compared to the third quarter of 2010. Marketing Solutions revenue represented 29 per cent of total revenues. Revenue from premium subscriptions products totaled $28.4 million.

LinkedIn’s U.S. revenues totaled $94.0 million, and represented 67 per cent of the company’s total revenue. Revenues from other geographies totaled $45.5 million, and represented 33 per cent of total revenue.

Business Outlook

Revenue for the fourth quarter of 2011 is projected to be in the range of $154 million to $158 million. Revenue for the full year of 2011 is projected to be in the range of $508 million to $512 million.

LinkedIn members grew to 131.2 million, an increase of 63 per cent from the third quarter of 2010. There are 87.6 million average unique visitors per month, and total page views of 7.6 billion.

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