LinkedIn Hits 150 Million Members

Posted: 10/02/2012 in Social Networking/ Social Media
Tags: , , , ,

LinkedIn on Thursday announced it has 150 million members in its network, a 20 million increase over November.

The figure was disclosed in a press release the company issued Thursday announcing its fourth quarter and full-year 2011 results.

The company posted revenues of $167.7 million, beating the analysts’ consensus of $160 million for Q4. Adjusted profit was $0.12 cents per share, which beat analysts’ projections of 7 cents a share. LinkedIn’s stock was up more than 5% in after-hours trading.

The Q4 revenue figure was a 105% jump over the same period in 2010. Revenues for full-year 2011 was $522.2 million, a 115% increase over 2010′s $243.1 million. Once again, Hiring Solutions was the company’s largest source of revenues, providing $84.9 million for the quarter. Marketing Solutions, meanwhile, brought in revenues of $49.5 million, while revenues from Premium Subscriptions totaled $33.3 million.

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