Dive summary:
- LinkedIn beat the street yesterday with earnings of $.03 per share and $228.2 million of Q2 revenue.
- CEO Jeff Weiner also gave some insights to the user base, saying they have 174 million members, and 23% of unique visitors are coming via mobile.
- The majority of LinkedIn's revenue still comes from recruiting marketing, totaling $121 million, a jump of 107% year-over-year.
- You can find the price of the LinkedIn's stock in our Market section.
From the article:
LinkedIn closed the second quarter with 174 million members, averaging two new members per second and more than 15 percent of those new members signing up through mobile devices, said CEO Jeff Weiner during the company’s second-quarter earnings call. Additioonally, he said the company notched 131 million unique visitors in June, and 23 percent of the LinkedIn’s uniques come through mobile, he said. But just because mobile’s making up an increasing share of LinkedIn’s user activity doesn’t mean Wiener’s in a rush to throw ads at those users.