LinkedIn Q2 Revs Hit $712M

Rebounding from a recent slump, LinkedIn on Thursday said second-quarter revenue was up 33%, year-over-year, to $712 million.

During the same period, revenue from the company’s Talent Solutions unit -- including its Learning & Development division -- was up 38% to $443 million.

LinkedIn -- which now boasts about 380 million members -- is still stabilizing from its decision to buy online learning site lynda.com for a whopping $1.5 billion.

“We began integrating the acquisition of lynda.com that closed during the [second] quarter,” LinkedIn CEO Jeff Weiner, said in the earnings report.

During the period, Marketing Solutions revenue was up 32% to $140 million, while revenue from Premium Subscriptions was up 22% to $128 million.

The social network for professionals credited recent improvements to its flagship desktop and mobile product experience with a 60% increase in year-over-year feed engagement.

In the second quarter, LinkedIn also surpassed 1 million unique long-from member publishers, and -- with an eye on personalization -- launched a redesigned Pulse app for iOS and Android.

Among other assets, Lynda.com gave LinkedIn 6,800 learning courses through 280,000 videos across five languages.

Looking ahead on Thursday, LinkedIn said it expected third-quarter revenue to reach between $745 million and $750 million.

For the full year, the company said it is expecting revenue of approximately $2.94 billion.

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