LinkedIn released the earnings results from its third quarter after closing bell tonight, posting adjusted earnings of 78 cents per share and revenue of $780 million, a 37% year over year increase. The revenue includes $41 million in revenue from the lynda.com acquisition.

LinkedIn Corporation Stock Surges After Smashing Earnings Estimates

Analysts had been expecting the social network to report earnings of 46 cents per share and $755.6 million in revenue. In last year’s third quarter, LinkedIn reported earnings of 52 cents per share and $568 million in revenue. It should be noted that LinkedIn management has historically guided conservatively and so has a long history of beating guidance.

Revenue in all segments rises

GAAP net losses were $41 million or 31 cents per share, compared to last year’s loss of 3 cents per share. Adjusted EBITDA was $208 million, compared to the $153 million analysts wanted to see.

Talent Solutions revenue rose 46% to $502 million, with Hiring contributing $461 million of the revenue and Learning and Development contributing $41 million. Revenue from Marketing Solutions climbed 28% to $140 million, compared to the previous quarter’s 140 million. The Sponsored Updates segment within Marketing Solutions again surpassed 100% growth. Revenue from Premium Subscriptions climbed 21% to $138 million.

“Q3 cumulative members grew 20% to 396 million, and last week reached the 400 million member milestone,” said LinkedIn CEO Jeff Weiner in a statement. “Unique visiting members grew 11% to an average of 100 million per month, and member page views grew 33%. This has yielded 20% year over year growth in page views per unique visiting member, continuing a pattern of accelerated growth throughout 2015.”

Weiner added that mobile is growing at twice the rate of total member activity and now makes up 55% of their traffic.

LinkedIn provides guidance

For the fourth quarter, LinkedIn management expects revenue of between $845 million and $850 million. They expect adjusted EBITDA to be about $210 million and non-GAAP earnings to be about 74 cents per share.

For the full year, management projects between $2.975 billion and $2.98 billion in revenue and adjusted EBITDA of about $740 million. They expect about $2.63 per share in non-GAAP earnings. Wedbush analysts want to see about $2.9 billion in revenue, adjusted earnings of $2.19 per share, and adjusted EBITDA of $655 million for the full year.

As of this writing, shares of LinkedIn were up 10.16% at $239.10 per share in after-hours trades.