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Thursday, May 3, 2012

Earning Alert - LinkedIn (LNKD): Q1 EPS of $0.15 beats by $0.06 - 5/3/12

LinkedIn (LNKD): Q1 EPS of $0.15 beats by $0.06. Revenue of $188.5M (+101% Y/Y) beats by $9.9M. Expects Q2 revenue of $210M-$215M and 2012 revenue of $880M-$900M, above a consensus of $207.9M and $876.8M. Company is also announcing the acquisition of presentation-sharing site SlideShare for $118.8M (45% cash, 55% stock).

LinkedIn's Q1: Hiring Solutions revenue +121% Y/Y, now makes up 54% of sales. Marketing Solutions (ads) +73%, Premium Subscriptions +91%. International revenue 36% of total (up from 33% in Q4). Registered users grew by 11M Q/Q to 161M. Sales & marketing expenses +124% Y/Y, exceeding revenue growth. R&D expenses +91%. LNKD +10.2% AH

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