LinkedIn posts Q3 profit as user growth climbs

Washington, Oct. 30 (ANI): LinkedIn has posted its third-quarter earnings results on Tuesday.

The company reported 39 cents in earnings per share on revenue of 393 million dollars.

The company's profits are against analysts' estimates of 32 cents per share on revenue of 385.41 million dollars.

According to the Wall Street Journal, the company added another 21 million monthly active users to its base, bringing the total to 259 million overall, which is a 38 percent year-on-year overall growth for the company.

LinkedIn CEO Jeff Weiner said that increased member growth and engagement helped drive strong financial results in the third quarter.

Weiner added that the company will continue to deliver value to professionals through investment in core products and strategic initiatives such as mobile, students, and the professional publishing platform.(ANI)


Get stories like this on the Yahoo app and discover more every day.
Download it now.