LinkedIn Posts Third-Quarter Results. Here Are the Numbers.
LinkedIn reported third-quarter results today after market close. Both revenue and non-GAAP EPS beat analyst estimates. LinkedIn posted non-GAAP EPS of $0.39 on $393 million in revenue, compared with a consensus estimate for EPS of $0.32 on $385 million in revenue. LinkedIn's reported a GAAP loss of $0.03 per share.
LinkedIn also announced that its membership rose to 259.2 million from 238.1 million last quarter and 187.4 million in the year-ago quarter. With member growth up 9% sequentially, LinkedIn has matched or exceeded its sequential member growth rates in the five preceding quarters.
Year-over-year net revenue growth decelerated for the fourth quarter to a still impressive 56%, barely short of last quarter's growth of 59%. The company's largest segment (57% of total revenue), talent solutions, grew revenue by 62% from the year-ago quarter, down from last quarter's growth of 69%. Advertising (23% of total revenue) and premium subscriptions (20% of total revenue) revenue grew 38% and 61%, respectively, from the year-ago quarter.
Shares have jumped around in after-market hours, undecided on a direction, likely indicating that results were mostly in line with unspoken expectations. To hear more details, investors can tune in to a replay of LinkedIn's third-quarter earnings call.
The article LinkedIn Posts Third-Quarter Results. Here Are the Numbers. originally appeared on Fool.com.Fool contributor Daniel Sparks has no position in any stocks mentioned. The Motley Fool recommends and owns shares of LinkedIn. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.