LinkedIn LogoLinkedIn registered a net loss of $3.4 million this quarter as opposed to net income of $2.3 million during the same quarter a year-ago. APAC revenue increased to $30.5 million this quarter from $27.8 million in the previous quarter. This increased the total APAC revenues for the year to $82 million, up from $43.5 million for similar time frame last year. However APAC revenue as a percentage of total revenue remained at 8%.

Usage statistics

– LinkedIn membership has surpassed 259 million members, up from 187 million in Q3-2012 and 238 million in Q2-2013.

– Number of monthly unique visitors however, reduced from 189 million during Q2-2013 to 184 million in this quarter

Page views increased from 8.9 billion to 11.6 billion YoY, but reduced marginally from the 11.7 billion views seen in Q2 of this year.

– LinkedIn hasn’t disclosed the number of active users on the platform and also hasn’t provided any region-wise breakdown of its 238.1 million user base. LinkedIn claimed to have crossed 20 million registered users in India in May 2013.

LinkedIn_engagement

Announcements

– LinkedIn launched University Pages: 1,500 created in 60 countries.

– Launched sponsored updates to target those who use the site from mobilephone, who account for 38% of all visitors to the website.

– Launched LinkedIn Intro app for iOS, which shows you professional information about someone who sent you an email. The app however, ran into a controversy because all the emails were being routed through LinkedIn servers raising privacy concerns among users.

Linkedin_revenue_YoYRevenue_break down

Financials

– Revenue increased to $393.0 million this quarter from $252.0 million in the third quarter of 2012. $227.6 million of this came from field sales channel, which accounted for 58% of total revenue. Also, 62% of the of the total revenue or $245.3 million, came from the US market.

Non-GAAP net income for the third quarter was $46.8 million, compared to $25.1 million for the third quarter of 2012. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets.

Adjusted EBITDA for the third quarter was $92.8 million or 24% of revenue, compared to $56.0 million or 22% of revenue for the third quarter of 2012.

GAAP diluted EPS for the third quarter was $(0.03); Non-GAAP diluted EPS for the third quarter was $0.39. Adjusted EBITDA for the third quarter was $92.8 million, compared to $56.0 million for the third quarter of 2012, or 22% of revenue.

Revenue from Talent Solutions products continued to be the major contributor to the income at $224.7 million, an increase of 62% YoY. Talent Solutions revenue represented 57% of total revenue in the third quarter of 2013, compared to 55% in the third quarter of 2012.

Revenue from Marketing Solutions products totaled $88.5 million, an increase of 38% compared YoY. Marketing Solutions revenue represented 23% of total revenue in this quarter, down from 25% a year-ago.

Revenue from Premium Subscriptions products totaled $79.8 million, an increase of 61% from the same quarter a year-ago. However, it’s share as contribution to total revenue has plateaued at 20% — this percentage has been static for the past four quarters.

– LinkedIn closed a follow-on offering, selling a total of 6,188,340 shares of Class A common stock. In return, LinkedIn received total cash proceeds of $1,348.4 million, net of underwriting discounts, commissions, and other costs associated with this offering.

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