LinkedIn (NASDAQ:LNKD) announced solid second quarter results on Thursday, Aug 4. The company’s net revenues increased 31% year-over-year (y-o-y) to $933 million, which was above consensus estimates of $898 million, as it continued to sell more recruiting tools, sponsored content and premium memberships. The company posted non-GAAP earnings of $1.14 per share in this quarter compared to $0.56 per share in the Q1 2016, beating the 78-cents consensus estimates.
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Solid Growth Across Geographies, Divisions
Talent Solutions contributed about 62% of LinkedIn’s total revenue in Q2 2016, with the Learning and Development business reporting sales of $62 million and Hiring increasing 26% y-o-y to $535 million. The Learning and Development division primarily reports revenue from online learning courses offered by LinkedIn. Marketing Solutions revenue grew by 29% y-o-y to $181 million, primarily driven by an increase in revenue through sponsored content. Premium Subscription revenue increased 21% y-o-y.
Strong Operating Metrics
LinkedIn’s total members increased 18% y-o-y to 450 million, while monthly active users increased 9% to 106 million and member page views grew by 32% y-o-y to 46 billion.
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