LinkedIn (LNKD) Tops Q1 EPS by 14c; Guides Q1, FY16

(Updated - April 28, 2016 4:10 PM EDT)

LinkedIn (NYSE: LNKD) reported Q1 EPS of $0.74, $0.14 better than the analyst estimate of $0.60. Revenue for the quarter came in at $861 million versus the consensus estimate of $829.93 million.

• Talent Solutions revenue increased 41% year-over-year to $558 million.
• Hiring revenue contributed $502 million in revenue, up 27% year-over-year.
• Learning & Development contributed $55 million in revenue.
• Marketing Solutions revenue increased 29% year-over-year to $154 million.
• Premium Subscriptions revenue increased 22% year-over-year to $149 million.

Outlook:

Q2 2016 Guidance: Revenue is expected to range between $885 million and $890 million. Adjusted EBITDA is expected to range between $225 million and $230 million. Non-GAAP EPS is expected to range between $0.74 and $0.77. The company expects depreciation of approximately $93 million, amortization of approximately $44 million, and stock-based compensation of approximately $150 million. The company also expects approximately 134 million GAAP fully-diluted weighted shares and 136 million non-GAAP fully-diluted weighted shares. (The Street sees Q2 EPS of $0.71 and revenue of $886.1 million.)

Full Year 2016 Guidance: Revenue is expected to range between $3.65 billion and $3.70 billion. Adjusted EBITDA is expected to range between $985 million and $1.005 billion. Non-GAAP EPS is expected to range between $3.30 and $3.40. The company expects depreciation of approximately $395 million, amortization of approximately $173 million, and stock-based compensation of approximately $580 million. The company also expects approximately 135 million GAAP fully-diluted weighted shares and 136 million non-GAAP fully-diluted weighted shares. (The Street sees FY16 EPS of $3.19 and revenue of $3.67 billion.)

For earnings history and earnings-related data on LinkedIn (LNKD) click here.

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