LinkedIn Corporation, together with its subsidiaries, operates an online professional network worldwide. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities. It also offers LinkedIn mobile applications across a range of platforms and languages, including iOS for iPhone and iPad, Android, Blackberry, Nokia Asha, and Windows Mobile; and a public Website that allows developers to integrate its content and services into their applications. In addition, the company provides talent solutions, such as Link...
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Founded in 2002
LinkedIn Corp. Reaches $13 Million Settlement Agreement to Resolve Class-Action Lawsuit
Jun 15 15
LinkedIn Corp. reached a $13 million-settlement agreement to resolve a class-action lawsuit that accused the social networking company of misusing its users information. The lawsuit alleged that the company improperly used its members' names and identities in sending email invitations to their friends. The settlement agreement sets aside a $750,000 fund that will pay out $10 to each user who files a claim. The company could add up to another $750,000 to the fund should more people than expected file claims. The majority of the funds will go to the organizations Access Now, the Electronic Privacy Information Center and
the Networking for Teaching Entrepreneurship.
LinkedIn Corporation Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-02-2015 09:15 AM
Jun 2 15
LinkedIn Corporation Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-02-2015 09:15 AM. Venue: The Ritz Carlton, 600 Stockton Street, San Francisco, California, United States.
LinkedIn Corporation Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for the Full Year of 2015
Apr 30 15
LinkedIn Corporation announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $637,687,000 compared with $473,193,000 for the same period a year ago. Loss from operations was $17,220,000 compared with $764,000 for the same period a year ago. Loss before income taxes was $31,867,000 compared with income before income taxes of $262,000 for the same period a year ago. Net loss attributable to common stockholders was $42,548,000 or $0.34 per basic and diluted share compared with $13,445,000 or $0.11 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $165,132,000 compared with $128,858,000 for the same period a year ago. Purchases of property and equipment was $90,121,000 compared with $88,871,000 for the same period a year ago. Payments for intangible assets was $4,161,000 compared with $85,061,000 for the same period a year ago. Non GAAP net income was $72,541,000 or $0.57 per diluted share compared with $47,349,000 or $0.38 per diluted share for the same period a year ago. Adjusted EBITDA was $159,861,000 compared with $116,745,000 for the same period a year ago.
The company provided earnings guidance for the second quarter and full year 2015. For the second quarter of 2015, the company expects revenue to range between $670 million and $675 million. Adjusted EBITDA is expected to be approximately $120 million. Non-GAAP EPS is expected to be approximately $0.28. The company expects depreciation of approximately $68 million, amortization of approximately $24 million, and stock-based compensation of approximately $144 million. The company also expects approximately 129 million fully-diluted weighted shares.
For the full year of 2015, the company expects revenue to be approximately $2.90 billion. Adjusted EBITDA is expected to be approximately $630 million. Non-GAAP EPS is expected to be approximately $1.90. The company expects depreciation of approximately $290 million, amortization of approximately $128 million, and stock-based compensation of approximately $500 million. The company also expects approximately 131 million fully-diluted weighted shares. It had earlier forecast earnings of $2.95 per share on revenue of $2.93 billion to $2.95 billion.