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Last Update: 04-Nov-11 09:54 ET
LinkedIn Tops Third Quarter Expectations, Announces $100 Mln Common Stock Offering
LinkedIn (LNKD $79.00 -8.50) reported third quarter GAAP loss of $0.02 per share, $0.02 better than the Capital IQ GAAP Consensus Estimate of ($0.04).
Revenues rose 125.7% year/year to $139.5 million versus the $128.72 million consensus; adj. EBITDA $24.7 million.
For the fourth quarter, the company expects to see revenue in the range of $154 million to $158 million versus the $148.60 million Capital IQ Consensus Estimate, with adj. EBITDA of $19-21 million.
Members grew to 131.2 million, an increase of 63% from the third quarter of 2010 Average comScore unique visitors of 87.6 million per month, an increase of 64% from the third quarter of 2010; total comScore page views of 7.6 billion, an increase of 51% from the third quarter of 2010.
Separately, the company filed a registration statement with the SEC for a proposed public offering of shares of its Class A common stock. LinkedIn is proposing to sell approximately $100 million of its shares, as well as any shares issued to the underwriters to cover over-allotments. The remaining shares will be sold by existing stockholders.
Revenues rose 125.7% year/year to $139.5 million versus the $128.72 million consensus; adj. EBITDA $24.7 million.
For the fourth quarter, the company expects to see revenue in the range of $154 million to $158 million versus the $148.60 million Capital IQ Consensus Estimate, with adj. EBITDA of $19-21 million.
Members grew to 131.2 million, an increase of 63% from the third quarter of 2010 Average comScore unique visitors of 87.6 million per month, an increase of 64% from the third quarter of 2010; total comScore page views of 7.6 billion, an increase of 51% from the third quarter of 2010.
Separately, the company filed a registration statement with the SEC for a proposed public offering of shares of its Class A common stock. LinkedIn is proposing to sell approximately $100 million of its shares, as well as any shares issued to the underwriters to cover over-allotments. The remaining shares will be sold by existing stockholders.
