LinkedIn Conference Call Highlights

LinkedIn

reported its third quarter earnings. Shares of the company are up 13%. Below are some key highlights from its conference call: • For Q3, overall revenues grew 45% to $568 million. • We delivered adjusted EBITDA of $151 million and non-GAAP EPS of $0.52. • Our internal member metricsfor Q3 show steady network expansion and improved growth in engagement. • During Q3, cumulative members grew 28% to 332 million, unique visiting members grew 16% to an average of 90 million per month and member page views grew 28%, well ahead of unique member growth. • This led to a year-over-year increase in member page views per unique visiting member, underscoring our strengthening organic engagement, driven in part by execution on our content strategy. • Mobile also continues to drive an increasing amount of value we bring to members. • Unique visiting members coming from mobile devices grew nearly three times faster than overall uniques. Mobile now accounts for 47% of total traffic to LinkedIn. • We are now approaching 2 million listings, a first step in achieving our goal to have every available job in the world on LinkedIn. • We also continue to focus on growing LinkedIn beyond our current member base, increasingly focusing on developing countries and younger demographics. • In Q3, approximately 75% of new members came to LinkedIn from outside the U.S., with China providing particular strength. • China has quickly emerged as a large contributor to network growth in recent months. • Students remain another rapidly growing part of our network, increasing nearly three times faster in Q3 compared with overall member growth. • In Q3, Talent Solutions grew 45% to $345 million; Marketing Solutions was up 45% to $109 million; • Premium Subscriptions increased 43% to $114 million. • Within Talent Solutions, our goal is to power the world's hires, increasingly achievable as the LinkedIn network expands globally. • At our annual Talent Connect conference last week, we previewed for nearly 4,000 attendees powerful new search capability in our flagship Recruiter product. Guidance: • For revenue, we are raising our expectations for both Q4 and the full-year: we expect Q4 to range between $600 million and $605 million. • 35% growth at the midpoint; and for the full-year, we expect a range between $2.17 billion and $2.18 billion. • 42% annual growth rate compared to the 40% reflected in prior guidance. • Given the size of the strategic investments throughout 2014, we are pleased with the level of profitability the company has achieved. • For adjusted EBITDA: we expect Q4 to range between $153 million and $155 million, a 26% margin at the midpoint; • Full-year, we are raising our outlook to between $566 million and $568 million, a 26% margin at the midpoint