MUMBAI: LinkedIn Corporation‘s net profit dipped 37.7 per cent in the second quarter of 2012 to $2.8 million from $4.5 million a year earlier.
Its revenue for the April-June quarter was $228.2 million, an increase of 89 per cent compared to $121 million in the second quarter of 2011.
LinkedIn‘s adjusted EBITDA for the second quarter was $50.4 million, 22 per cent of revenue. It was $26.3 million a year earlier.
The company‘s revenue from the US totaled $147.3 million, and represented 65 per cent of total revenue while revenue from international markets totaled $81 million, and represented 35 per cent of total revenue in the second quarter of 2012.
Revenue from the field sales channel totaled $129.4 million, and represented 57 per cent of total revenue in the second quarter of 2012. Revenue from the online, direct sales channel totaled $98.8 million, and represented 43 per cent of total revenue in the second quarter of 2012.
"LinkedIn had a strong second quarter with all of our key operating and financial metrics showing solid performance," said Jeff Weiner, CEO of LinkedIn. "Our ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth."
Hiring Solutions: Revenue from Hiring Solutions products totaled $121.6 million, an increase of 107 per cent. Hiring Solutions revenue represented 53 per cent of total revenue in the second quarter of 2012, compared to 48 per cent in the second quarter of 2011.
Marketing Solutions: Revenue from Marketing Solutions products totaled $63.1 million, an increase of 64 per cent. Marketing Solutions revenue represented 28 per cent of total revenue in the second quarter of 2012, compared to 32 per cent in the second quarter of 2011.
Premium Subscriptions: Revenue from Premium Subscriptions products totaled $43.5 million, an increase of 82 per cent representing 19 per cent of total revenue in the second quarter of 2012, compared to 20 per cent of revenue in the second quarter of 2011.
