- LinkedIn quarterly revenue and profit beat analysts' estimates. The company also raised its full-year profit and revenue forecasts.
- The company said it earned more from its recruitment services business and from advertisements and paid memberships in the last quarter.
- 55% of LinkedIn’s traffic now comes through mobile devices such as smartphones and tablets.
LinkedIn earned 78 cents per share, topping the average analyst estimate of 46 cents. Revenue rose 37.2% to $779.6 million, beating analysts' expectations of $755.8 million. The company also said the total number of members rose 20% to 396 million at the end of the third quarter.
The company's Talents Solutions business alone, which connects recruiters and job seekers, grew 46% in the third quarter, accounting for nearly two-thirds of LinkedIn's total revenue. Revenue from advertisements and from paid memberships also increased.
LinkedIn has been buying companies, hiring sales personnel and increasing its presence outside the United States as part of an effort to expand the company. The company said the number of its subscribers in China had more than tripled since early 2014 to over 13 million currently. LinkedIn now operates in over 200 countries and territories.