‘LinkedIn Stock Jumps 10% After Q4 Revenue Tops $300 Million’ – ‘Mashable’

Seth Fiegerman says, “LinkedIn proved once again why it is Wall Street’s favorite social media stock.

The company reported revenue of $304 million for the December quarter, a whopping 81% increase from the same quarter the year before and well ahead of Wall Street’s consensus estimate for revenue of $278 million.

Much of the revenue growth came from a strong increase in sales of LinkedIn’s talent solutions products for recruiters and businesses. Revenue from this segment nearly doubled from the year-ago quarter to $161 million. Revenue from premium subscription products also increased by nearly 80% to just under $60 million for the quarter”.