LinkedIN has announced that its revenue for the fourth quarter of 2014 reached $643 million (£421).
This figure marks an increase of 44 per cent compared to the fourth quarter of 2013. Overall revenue for 2014 was $2,219 million, marking a 45 per cent rise compared to $1,529 million in 2013.
Net income attributable to common stockholders in the fourth quarter was $3 million, compared to a net income of $4 million for the fourth quarter of 2013, so there was a slight drop for stakeholders in the business.
Non-GAAP net income excludes tax affected non-cash items, including stock-based compensation and the amortisation of intangible acquired assets.
Adjusted EBITDA for the fourth quarter jumped to $179 million, equating to 28 per cent of revenue and marking a significant rise from the $111 million for the fourth quarter of 2013.
“LinkedIN increased its revenue significantly over 2014’s fourth quarter. ”
Jeff Weiner, chief executive officer of LinkedIn, said: “The fourth quarter capped another successful year for LinkedIn, which was marked by steady member growth and strong financial results.
“We continued to make significant progress against a number of multi-year, strategic initiatives including mobile, jobs, content, and global expansion.”
LinkedIN noted that revenue from talent solutions products reached $369 million and accounted for 57 per cent of total revenue from 2014’s fourth quarter.
Revenue from marketing solutions represented 24 per cent of total revenue in 2014’s fourth quarter, in comparison to 22 per cent of the overall revenue in 2013’s fourth quarter.
LinkedIN has worked on a number of key projects over the course of 2014, increasing its number of active job listings to 3 million. This is ten times the amount found last year.
The platform also introduced long-form posting to over 230 million English-speaking members using technologies such as Pulse and SlideShare.
LinkedIN also broadened its global reach, as almost 70 per cent of members came from non-US areas.
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