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The stock market may be suffering its worst one-day slide since 2008, but you wouldn’t know it by looking at LinkedIn’s second-quarter earnings report. A little less than three months after going public, the company posted a surprise profit, and its shares are up 4 percent in after-hours trading. Membership and premium subscriptions are up.
LinkedIn (NYSE: LNKD) now has over 120 million members, CEO Jeff Weiner said in an investor call following the report. (That means it’s added over 4 million members in the last month alone) And mobile page views are up 400 percent over last year, making mobile the company’s fastest-growing service.
The company’s revenue for the second quarter was $121 million–up 120 percent over last year, and about $16 million higher than analysts had estimated.
Apply with LinkedIn, a platform the company released last week, allows users to apply to jobs on the web by submitting their LinkedIn profile, “advances all of our product priorities” and is already being used by LivingSocial, Netflix (NSDQ: NFLX) and Zynga, Weiner said, adding, “We believe it will eventually replace the resume.”
LinkedIn now has 23.9 million premium subscribers, up 63 percent since this time last year. Revenues from premium subscriptions are up by 105 percent. Active job listings on the site also increased, by 190 percent.
In its earnings report, LinkedIn highlighted a few other achievements from the quarter: It introduced the LinkedIn Share button in April and opened up its APIs to developers. It released new Android and iPhone apps and is on Flipboard. And it opened offices in Singapore and Stockholm and added its platform in three new languages: Turkish, Russian and Romanian. It now operates in twelve countries outside the U.S., and in nine languages.