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February 7, 2013
17:45 EDTLNKDLinkedIn CEO says accelerated product innovation drove Q4, FY12 results
LinkedIn (LNKD) CEO Jeff Weiner said, "2012 was a transformative year. We exited 2011 having successfully revamped our underlying development infrastructure. Based on that investment, we said that 2012 would be a year of accelerated product innovation, and it was. The products we delivered throughout the year drove member engagement and financial results to record levels in the fourth quarter." Revenue from Talent Solutions products increased 90% year over year, while Marketing Solutions and Premium Subscriptions revenue rose 68% and 79%, respectively. At the end of the fourth quarter, cumulative membership grew 39% year over year, and the company ended the year with nearly 202M members. LinkedIn averaged 116M monthly unique visitors during Q4, growing 26% year over year. More importantly, member page views grew approximately 67% in Q4, the highest page growth in 2012. More than 64% of all LinkedIn members now come from the international market. Mobile remains the company's fastest growing consumer service. In Q4 LinkedIn averaged 27% of unique visiting members coming through the mobile app versus just 15% a year ago. The company remains encouraged by its growing scale outside the U.S., especially in newer geographies, and says it is making continued progress to achieving its long term operating target of 30% adjusted EBITDA.
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