Social Media Stock Earnings
Alert; LinkedIn (LNKD) Sets New High on Earnings
Point Roberts WA, NEW YORK, NY –February 6,2015 -
Investorideas.com, a global news source covering leading sectors including tech
stocks reports on social media stock LinkedIn Corporation (LNKD:NYSE). The stock hit a new
high of $271.49 following its earning news being digested by investors.
It’s a good day for investors in the social media
sector, with Twitter (TWTR) trading at $47.65, up 6.39 (15.49%) as of 10:31AM
EST, with a high of $48.8 on its earnings reported at the close yesterday.
LinkedIn Corporation Earnings:
• Revenue for the fourth quarter was $643 million,
an increase of 44% compared to $447 million in the fourth quarter of 2013.
Revenue in 2014 was $2,219 million, an increase of 45% compared to $1,529
million in 2013.
• Net income attributable to common stockholders
for the fourth quarter was $3 million, compared to net income of $4 million for
the fourth quarter of 2013. Non-GAAP net income for the fourth quarter was $77
million, compared to $48 million for the fourth quarter of 2013. Net loss
attributable to common stockholders in 2014 was ($16) million, compared to net
income of $27 million in 2013. Non-GAAP net income in 2014 was $254 million,
compared to $192 million in 2013. Non-GAAP net income excludes tax affected
non-cash items, such as stock-based compensation and amortization of acquired
intangible assets. For additional information, see section "Non-GAAP
Financial Measures."
• Adjusted EBITDA for the fourth quarter was $179
million, or 28% of revenue, compared to $111 million for the fourth quarter of
2013, or 25% of revenue. Adjusted EBITDA in 2014 was $592 million, or 27% of
revenue, compared to $376 million in 2013, or 25% of revenue.
• GAAP diluted EPS for the fourth quarter was
$0.02, compared to GAAP diluted EPS of $0.03 for the fourth quarter 2013; non-GAAP
diluted EPS for the fourth quarter was $0.61, compared to non-GAAP diluted EPS
of $0.39 for the fourth quarter of 2013. GAAP diluted EPS in 2014 was ($0.13),
compared to GAAP diluted EPS of $0.23 in 2013; non-GAAP diluted EPS in 2014 was
$2.02, compared to non-GAAP diluted EPS of $1.61 in 2013.
"The fourth quarter capped another successful
year for LinkedIn, which was marked by steady member growth and strong
financial results," said Jeff Weiner, CEO of LinkedIn. "We continued
to make significant progress against a number of multi-year, strategic
initiatives including mobile, jobs, content, and global expansion."
Fourth Quarter Operating Summary
• Talent Solutions: Revenue from Talent Solutions
products totaled $369 million, an increase of 41% compared to the fourth
quarter of 2013. Talent Solutions revenue represented 57% of total revenue in
the fourth quarter of 2014, compared to 58% of total revenue in the fourth
quarter of 2013.
• Marketing Solutions: Revenue from Marketing
Solutions products totaled $153 million, an increase of 56% compared to the
fourth quarter of 2013. Marketing Solutions revenue represented 24% of total
revenue in the fourth quarter of 2014, compared to 22% of total revenue in the
fourth quarter of 2013.
• Premium Subscriptions: Revenue from Premium
Subscriptions products totaled $121 million, an increase of 38% compared to the
fourth quarter of 2013. Premium Subscriptions represented 19% of total revenue
in the fourth quarter of 2014, compared to 20% of total revenue in the fourth
quarter of 2013.
Revenue from the U.S. totaled $388 million, and
represented 60% of total revenue in the fourth quarter of 2014. Revenue from
international markets totaled $255 million, and represented 40% of total
revenue in the fourth quarter of 2014.
Revenue from the field sales channel totaled $414
million, and represented 64% of total revenue in the fourth quarter of 2014.
Revenue from the online channel totaled $230 million, and represented 36% of
total revenue in the fourth quarter of 2014.
2014 Highlights and Strategic Announcements
Throughout 2014, LinkedIn:
• Increased the scale and relevance of job listings
through the acquisition of Bright. LinkedIn now has 3 million active job
listings on the platform, an approximate 10x increase versus last year. As we
continue to add jobs on LinkedIn, we grow closer to realizing our vision of
having every job in the world on LinkedIn.
• Expanded the professional publishing platform by
introducing long-form posting to more than 230 million English-speaking
members. Members are increasingly creating content on LinkedIn, and we recently
surpassed one million total long-form posts and 50,000 posts per week. Through
the publishing platform, Pulse, and SlideShare, we seek to make the world's
professional knowledge available on LinkedIn.
• Broadened its global reach, with nearly 70% of
total members coming from non-U.S. geographies. In February, we launched a
localized version of LinkedIn in Simplified Chinese & Traditional Chinese.
Since launch, LinkedIn has nearly doubled its Chinese member base from 4
million to more than 8 million. More recently, LinkedIn's application for an
ICP license in China for the local Chinese LinkedIn site was approved, better
enabling us to connect the world's professionals.
"The fourth quarter underscored a strong 2014
for LinkedIn, as we demonstrated growing organic engagement and solid
performance across our three, diverse product lines." said Steve Sordello,
CFO of LinkedIn. "Entering 2015, we plan to continue investing in our
long-term roadmap to further pursue our vision to build the world's first
economic graph."
Business Outlook
LinkedIn is providing guidance for the first
quarter and full year of 2015:
• Q1 2015 Guidance: Revenue is expected to range
between $618 million and $622 million. Adjusted EBITDA is expected to range
between $152 million and $154 million. Non-GAAP EPS is expected to be
approximately $0.53. The company expects depreciation of approximately $61
million, amortization of approximately $12 million, stock-based compensation of
approximately $103 million, and 128 million fully-diluted weighted shares.
• Full Year 2015 Guidance: Revenue is expected to
range between $2.93 billion and $2.95 billion. Adjusted EBITDA is expected to
be approximately $785 million. Non-GAAP EPS is expected to be approximately
$2.95. The company expects depreciation of approximately $270 million,
amortization of approximately $45 million, stock-based compensation of
approximately $460 million, and approximately 130 million fully-diluted
weighted shares.
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