LinkedIn reveals New Zealand membership number
LinkedIn now has more than 500,000 members in New Zealand, the company said today.
In April 2011, the company said it had more than 350,000 members; in June 2010, 250,000.
LinkedIn also said it now had more than 150 million members worldwide, double the 75 million it reported in April last year.
The US based professional social-networking service said this morning its fourth-quarter net income rose to $US6.9 million from $US5.3 million a year ago.
Revenue hit $US167.7 million from $US81.7 million in the year-ago quarter. Analysts had expected earnings of $US160 million.
The company also announced plans to introduce ads to its mobile app. No details were offered but on a conference call to media and analysts, LinkedIn CEO Jeff Weiner the company has been putting the infrastructure in place, and now it’s ready to “start to introduce advertising in our mobile solutions.”
Its shares [NYSE:LNKD] rose 8.85% in after-hours trading to $US83.05 - giving LinkedIn a market cap of just over $US8 billion. However, the company is still of the $US9 billion high it hit on the day off its IPO (May 19 last year).
LinkedIn said its recruiting services revenue doubled during the quarter to $US84.9 million. Revenue from users paying for premium accounts - more and more common among LinkedIn's NZ members - rose 87% to $US33.3 million. Advertising revenue rose 77% to $US49.5 million.
For the current quarter, LinkedIn said it expects revenue of $US170 million to $US175 million.
LinkedIn opened an Australia-New Zealand office in Sydney in January 2010, under managing director Cliff Rosenberg.
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Comments and questions4
Snore
Why would you build up your contacts over many years of hard work and results and then let lightweights link to you so they can steal yoru contacts.
this only works for lightweights who aren't good enough to get build their own networks
Suckers
To THE DOCTOR, why don't you catch on to the 21 century!!
doctor - I think most of your contacts on linked in think you're a plonker so why worry about it?
Only time-wasters, plodders, and those with professional ambition spend time on network sites like Linked In, Facebook, etc.
Its harmless enough of a pastime, but those who want a real life - actually doing things rather than spending time reporting those doings to others - avoid time on these network sites.
There's those of us that do, and those of us that network.....
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