LinkedIn reports revenue up 37% in Q3, beating forecasts
The professional networking service LinkedIn reported its third quarter earnings after the bell this afternoon and reported stellar revenue growth.
Total revenue increased in Q3 37 percent to $780 million, $41 million in revenue came from lynda.com.
“LinkedIn delivered strong results in the third quarter, and recently announced several products focused on delivering increased member and customer value,” said Jeff Weiner, CEO of LinkedIn. “Our commitment to investing in our long-term roadmap continues to lay the foundation for future growth of the company.”
The company though recorded a net loss of $41 million in the quarter as total expenses rose 47 percent. The loss came in, though, less than the prior quarter.
Investors like the growth, driving the stock up around 7 percent in after hours trading.