LinkedIn (which is my favorite network for business professionals) proves once again, they straight rock! Quarter 2 for LinkedIn ended June 30th, 2012 and they reported on their blog that they had a strong second quarter with all of their key operating and financial metrics showing solid performance.
Here’s 4 quick highlights:
Revenue for the second quarter was $228.2 million, an increase of 89% compared to $121.0 million in the second quarter of 2011.
Net income for the second quarter was $2.8 million, compared to net income of $4.5 million for the second quarter of 2011. Non-GAAP net income for the second quarter was $18.1 million, compared to $10.8 million for the second quarter of 2011. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets.
Adjusted EBITDA for the second quarter was $50.4 million, or 22% of revenue, compared to $26.3 million for the second quarter of 2011, or 22% of revenue.
GAAP EPS for the second quarter was $0.03; Non-GAAP EPS for the second quarter was $0.16.
They also reported that the professional network has over 175 Million members. The bulk of LinkedIn’s revenue continues to come from the company’s hiring solutions products. In Q2, hiring solutions services brought in $121.6 million, or 53 percent of total revenue.
In case you missed some of the bigger news surrounding LinkedIn over the last couple of months:
They released their iPad App
They released their Windows Phone App
They bought Slideshare
There’s rumors of some big Digg Patents they may have
A public company for 14 months, LinkedIn has been the shining star of consumer-facing Internet companies, though it too has been hurt by Facebook’s poor-performing stock and a volatile market. The stock closed down 2 percent at $93.51 a share Thursday, but trading remains active in after-hours sales with shares gaining ground.