Shares of LinkedIn surged in after-hours trading, climbing as much as 5.85% to $251 per share.
LinkedIn released the earnings results from its fourth quarter after closing bell tonight, posting non-GAAP earnings of 61 cents per share on revenue of $643 million, a 44% year over year increase. Analysts had been expecting the social network to post earnings of 53 cents per share on $617.4 million in revenue for the fourth quarter.
In the same quarter last year, LinkedIn posted earnings of 39 cents per share on $447.2 million in revenue.
Odey's Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World's total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter's macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha Read More
Key metrics from LinkedIn’s earnings report
LinkedIn reported GAAP earnings of 2 cents per share, a slight decline from last year’s 3 cents per share. Net income attributable to shareholders was $3 million, compared to $4 million in the same quarter a year ago. Adjusted EBITDA for the quarter was 28% of revenue or $179 million.
The social network reported Talent Solutions revenue of $369 million, a 41% year over year increase. Analysts had been expecting to see revenue of $366.4 million from the Talent Solutions segment. The Marketing segment saw revenue of $153 million, a 56% year over year increase. Analysts had wanted to see $131.8 million in revenue from Marketing. Premium Subscriptions revenue increased 38% to $121 million for the fourth quarter.
“The fourth quarter underscored a strong 2014 for LinkedIn, as we demonstrated growing organic engagement and solid performance across our three, diverse product lines,” LinkedIn Chief Financial Officer Steve Sordello said in a statement. “Entering 2015, we plan to continue investing in our long-term roadmap to further pursue our vision to build the world’s first economic graph.”
LinkedIn provides guidance
For the current quarter, LinkedIn management expects between $618 million and $622 million in revenue. They expect adjusted EBITDA of between $152 million and $154 million and non-GAAP earnings of about 53 cents per share.
For the full year, management expects to see between $2.93 billion and $2.95 billion in revenue and about $785 million in adjusted EBITDA. They project about $2.95 per share in earnings for the full year.