LinkedIn Corporation (NYSE: LNKD), the world’s largest professional network on the Internet reported its results for the third quarter of 2015.
Recruiters’ using Talent Solutions, showed strong performance, with revenue of $502 million growing 46% year-over-year, and represented 64% of sales versus 61% last year.
“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.”
LinkedIn added a number of enhancements across its member value propositions during the quarter, including replacing the email inbox with a new messaging experience, expanding the publishing platform to include German, French, and Portuguese languages and developing its next generation of LinkedIn’s mobile flagship experience.
Total revenue increased 37% year-over-year to $780 million. Talent Solutions revenue increased 46% year-over-year to $502 million.
Hiring contributed $461 million in revenue, up 34% year-over-year, driven by continued operational improvement from the company’s field sales organisation and strong online growth.
Learning & Development contributed $41 million in revenue, in its first full quarter of contribution post acquisition.
Marketing solutions revenue grew 28% year-over-year to $140 million.
Sponsored Updates performance once again exceeded 100% year-over-year growth, partially offset by expected premium display headwinds.
Premium Subscriptions revenue improved 21% year-over-year to $138 million.
Sales Navigator continued to gain traction with large enterprises and saw improvements in customers’ satisfaction.
Get The Recruiting Times FREE every Monday – SUBSCRIBE NOW
Recruiters love this COMPLETE set of Accredited Recruitment & HR Training – View Training Brochure