LinkedIn just reported its Q2 earnings, beating expectations on both the top and bottom line.
- EPS: $0.55 vs analyst estimates of $0.33
- Revenue: $712 million vs analyst estimates of $679.80 million. That's an 33% growth year-over-year.
The stock initially jumped more than 14% after-hours.
After the intial excitement, the stock settled, then dropped, and hovers at -1.2% before the earnings call.
Of LinkedIn's Q2 revenue, 62% came from its "talent solutions" products, which help recruiters find the right candidates, 20% came from marketing solutions, and 18% came from its premium profile subscriptions.
The company said the network saw a 60% year-over-year increase in engagement, thanks to improvements to its desktop and app experiences.
People published more than 1 million long-form posts and its new Job Search app saw 2 million new "activations," hitting 3 million in Q2.
LinkedIn says it also started integrating lynda.com, the online learning company it acquired for $1.5 billion in April.
Almost 70% of LinkedIn's more than 380 million members are from outside the United States, with 10 million from China alone, which is a big leap from the 4 million Chinese members it counted last February.
Although revenue beat expectations, it only increased 33% year-over-year, as growth continues to decelerate each quarter:
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