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“Linked” announces its earnings for the first quarter of 2013
‘Linked’ announces its earnings for the first quarter of 2013
Announced social networking for business “Linked In” announced its financial results for the first quarter of the year 2013, achieving financial returns amounted to 324.7 million dollars, which is 72% higher compared to the same period last year 2012.
And said “Linked In” The net profit for the first three months of this year, nearly $ 22.6 million, compared with 5 million had its during the same period of last year, also reached profit EBITDA adjusted or what is known as earnings before interest, tax, depreciation and amortization of debt to It constitutes 83.4 million accounted for 26% of total revenue, having reached these profits during the first quarter of last year was $ 38.1 million representing 20% of revenues during that period.
The company said it is still focused on product introductions that make the network “LinkedIn” the most important daily source of professionals around the world.
Separated the company’s profits, according to the solutions offered, reaching revenues from products solutions talent to 184.3 million increase rate of almost 80% compared to the first quarter of last year, accounting for this revenue gain of 57% of total income, while for products marketing solutions, has reached Revenue of $ 74.8 million and a 56% increase compared to the same period last year, accounting for 23% of these revenues from the company’s revenues.
For subscriptions excellent “Premium Subscriptions”, has reached the company’s revenues of approximately $ 65.6 million and an increase rate reached 73% compared to the first quarter of last year, to form these revenues accounted for 20% of total company revenues.
It should be noted the network “LinkedIn” to work now includes more than 225 million users around the world at a rate of subscribers every second, according to the latest company announcements, as they make 170 million visitors per month.