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LinkedIn (LNKD) Tops Q1 EPS by 4c, Updates Q2 & FY Guidance

May 1, 2014 4:04 PM EDT

(Updated - May 1, 2014 4:09 PM EDT)

LinkedIn (NYSE: LNKD) reported Q1 EPS of $0.38, $0.04 better than the analyst estimate of $0.34. Revenue for the quarter came in at $473.2 million versus the consensus estimate of $466.7 million.

  • First Quarter Operating Summary
  • Talent Solutions: Revenue from Talent Solutions products totaled $275.9 million, an increase of 50% compared to the first quarter of 2013. Talent Solutions revenue represented 58% of total revenue in the first quarter of 2014, compared to 57% in the first quarter of 2013.
  • Marketing Solutions: Revenue from Marketing Solutions products totaled $101.8 million, an increase of 36% compared to the first quarter of 2013. Marketing Solutions revenue represented 22% of total revenue in the first quarter of 2014, compared to 23% in the first quarter of 2013.
  • Premium Subscriptions: Revenue from Premium Subscriptions products totaled $95.5 million, an increase of 46% compared to the first quarter of 2013. Premium Subscriptions represented 20% of total revenue in the first quarter of 2014 and 2013.

Business Outlook
LinkedIn is providing guidance for the second quarter and full year of 2014:

Q2 2014 Guidance: Revenue is expected to range between $500 million and $505 million. Adjusted EBITDA is expected to range between $118 million and $120 million. The company expects depreciation and amortization to be approximately $53 million, and stock-based compensation to be approximately $75 million.

(Street sees revenue of $505.08 billion.)

Full Year 2014 Guidance: Revenue is expected to range between $2.06 billion and $2.08 billion. Adjusted EBITDA is expected to be between $505-510 million. The company expects depreciation and amortization to be approximately $225 million, and stock-based compensation to be approximately $305 million.

(Street sees revenue of $2.11 billion)

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



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