LinkedIn (NYSE:LNKD) reported third-quarter results today after market close. Both revenue and non-GAAP EPS beat analyst estimates. LinkedIn posted non-GAAP EPS of $0.39 on $393 million in revenue, compared with a consensus estimate for EPS of $0.32 on $385 million in revenue. LinkedIn's reported a GAAP loss of $0.03 per share.
LinkedIn also announced that its membership rose to 259.2 million from 238.1 million last quarter and 187.4 million in the year-ago quarter. With member growth up 9% sequentially, LinkedIn has matched or exceeded its sequential member growth rates in the five preceding quarters.
Year-over-year net revenue growth decelerated for the fourth quarter to a still impressive 56%, barely short of last quarter's growth of 59%. The company's largest segment (57% of total revenue), talent solutions, grew revenue by 62% from the year-ago quarter, down from last quarter's growth of 69%. Advertising (23% of total revenue) and premium subscriptions (20% of total revenue) revenue grew 38% and 61%, respectively, from the year-ago quarter.
Shares have jumped around in after-market hours, undecided on a direction, likely indicating that results were mostly in line with unspoken expectations. To hear more details, investors can tune in to a replay of LinkedIn's third-quarter earnings call.
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