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Professional networking site LinkedIn has reported 84 million average unique monthly visiting members for the quarter ended June 30, 2014, up 2.4% from 82 million in the previous quarter and up 12% from 75 million in the same quarter last year.

Of this, mobile unique visiting members was at 37.5 million for the quarter, up 6.5% from 35.2 million in the previous quarter and up 46.5% from 25.6 million in the same quarter last year. Mobile accounted for 45% of LinkedIn’s total unique visiting members for the quarter, as compared to 43% in the previous quarter and 34% in the same quarter last year.

LinkedIn notes that it transitioned to internal measure of unique visiting members, mobile unique visiting members and member page views from comScore data from this quarter. It however hasn’t disclosed any region-wise breakdown for these metrics.

Registered members: LinkedIn’s registered member base was at 313.4 million for the quarter, up 6% from 296.5 million members in the previous quarter and up 32% from 238.1 million members in the same quarter last year. The company had crossed the 300 million mark in April this year.

As always, the company hasn’t disclosed any region-wise breakdown of its 313 million user base. However, it’s worth noting that India is the largest market for LinkedIn outside the United States, where the company claims to have more than 24 million registered users as of February 2014.

LinkedIn Members

Highlights

– Mobile now accounts for 45% of total traffic to LinkedIn. LinkedIn claimed that mobile is growing more than three times as fast as overall uniques for the company.

– Earlier this month, LinkedIn launched a new iPhone app called Connected, which will be replacing the company’s Contacts app. Besides contact management, it will notify users about jobs changes, birthdays and work anniversaries in their network. It also claims to provide relevant context about people with whom they have scheduled meetings later in the day.

– LinkedIn also launched a LinkedIn Job Search App for iPhone and a new SlideShare app for Android.

– The company also rolled out Limited Listings, through which it aggregates external jobs from certain employers in the United States. This feature was rolled out by using the technology LinkedIn acquired through its Bright acquisition in February this year. The company mentions that it will only add job listings from companies that allow them to be aggregated. Following this initiative, LinkedIn now claims to have one million jobs on LinkedIn.

– LinkedIn’s professional publishing platform has now been rolled out to 15 million LinkedIn members and the platform is generating over 30,000 weekly long-form posts. The company mentions that the  traffic to publisher and Influencer posts has risen more than 100%, since opening it up to public in February this year.

– LinkedIn has rolled out a new version of Sales Navigator and released it as a standalone SaaS product.

– Last week, LinkedIn also signed an agreement to acquire a business audience marketing platform Bizo for $175 million (90% cash + 10% stock). The acquisition is expected to close in Q3 2014. Through this acquisition, LinkedIn hopes to create a comprehensive B2B marketing platform for brands.

– Member page views increased to 25.4 billion for the quarter, up 22% YoY but down 2% QoQ

Financials

LinkedIn’s revenues from Asia Pacific (APAC) region was at $45.6 million for the quarter, up 64% from $27.8 million in the same quarter last year. APAC Region currently represents 8.5% of LinkedIn’s total revenues for the quarter, which was at $533.9 million for the quarter, up 47% YoY.

Globally, the company posted a net loss of $1 million for the quarter, as compared to a net profit of $3.7 million in the same quarter last year.

– Talent Solutions: The revenue from talent solutions was at $322.2 million for the quarter, a 49% increase year-on-year (YoY). Talent solutions represented around 60% of the company’s total revenues in the quarter, same as Q2 2013. LinkedIn notes that certain recruitment media products have been reclassified to Talent Solutions from from Marketing Solutions during the quarter.

Online talent solution sales was at $79.7 million for the quarter, up 41% YoY and accounting for 24.7% of LinkedIn’s talent solution revenues. The field talent solution sales was at $242.5 million for the quarter, up 51% YoY and accounted for 75.3% of LinkedIn’s talent solution revenues.

– Marketing Solutions: The revenue from Marketing Solutions was at $106.5 million for the quarter, a 44% increase YoY. Marketing solutions represented around 20% of the company’s total revenues in the quarter, same as Q2 2013.

– Premium Subscriptions: The revenue from Premium Subscriptions was at $105.2 million for the quarter, a 44% increase YoY. Premium subscriptions represented around 20% of the company’s total revenues in the quarter, same as Q2 2013. In fact, the segment contribution has more or less been the same for the past three years with an exception of the Q2 2012 quarter, when it dipped marginally to 19%.

– Field sales v/s Direct Sales: Revenues from the field sales channel was at $319 million for the quarter, up 52% YoY and representing 60% of the company’s total revenue for the quarter while the revenues from the online direct sales channel was at $214.9 million, up 39% YoY and representing around 42% of the company’s total revenues for the quarter.

– Corporate Solution Customers: LinkedIn reported 28,080 corporate solution customers for the quarter, up 39% from 20,256 customers in Q2 2013.

Cashflow: LinkedIn’s total cash, cash equivalents & marketable securities was at $2.37 billion for the quarter, up from $2.31 billion in the previous quarter.

– Headcount: LinkedIn ended the quarter with 5,758 employees, up 6% from 5,416 employees in the previous quarter.

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