LinkedIn (LNKD) Tops Q4 Views on Strong Membership Gains; Issues Solid Outlook
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LinkedIn (NYSE: LNKD) is markedly higher in late trading Thursday following solid fourth-quarter 2012 results and outlook.
Net revs rose 81 percent to $303.6 million, with net income popping 66 percent higher to $11.5 million, or 10 cents per share. After adjusting for certain one-time items EPS came in at 35 cents.
The Street was looking for revs of $279.5 million and EPS of 19 cents.
Talent Solutions led topline gains, with revs rising 90 percent to $161 million. Premium Subscriptions revs improved 79 percent, while Marketing Solutions saw a 68 percent jump in topline growth.
LinkedIn reported having 202 million members at the end of the quarter with membership growing 39 percent.
"2012 was a transformative year for LinkedIn," said Jeff Weiner, CEO of LinkedIn. "We exited 2011 having successfully revamped our underlying development infrastructure. Based on that investment, we said that 2012 would be a year of accelerated product innovation, and it was."
Looking ahead, LinkedIn sees first-quarter revs of $305 million to $310 million and adjusted EBITDA of $67 million to $69 million. The Street is looking for revs of $301.2 million.
For fiscal 2013, the Company is modeling revs of $1.41 billion to $1.44 billion and adjusted EBITDA of $315 million to $330 million (FY12 adj.-EBITDA was $223.03 million). The Street anticipates FY13 revs of $1.44 billion.
Shares are up 9.6 percent Thursday night.
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Net revs rose 81 percent to $303.6 million, with net income popping 66 percent higher to $11.5 million, or 10 cents per share. After adjusting for certain one-time items EPS came in at 35 cents.
The Street was looking for revs of $279.5 million and EPS of 19 cents.
Talent Solutions led topline gains, with revs rising 90 percent to $161 million. Premium Subscriptions revs improved 79 percent, while Marketing Solutions saw a 68 percent jump in topline growth.
LinkedIn reported having 202 million members at the end of the quarter with membership growing 39 percent.
"2012 was a transformative year for LinkedIn," said Jeff Weiner, CEO of LinkedIn. "We exited 2011 having successfully revamped our underlying development infrastructure. Based on that investment, we said that 2012 would be a year of accelerated product innovation, and it was."
Looking ahead, LinkedIn sees first-quarter revs of $305 million to $310 million and adjusted EBITDA of $67 million to $69 million. The Street is looking for revs of $301.2 million.
For fiscal 2013, the Company is modeling revs of $1.41 billion to $1.44 billion and adjusted EBITDA of $315 million to $330 million (FY12 adj.-EBITDA was $223.03 million). The Street anticipates FY13 revs of $1.44 billion.
Shares are up 9.6 percent Thursday night.
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