Top professional social media platform LinkedIn is witnessing success at its doorstep.
The platform recently laid out figures of its latest quarter’s findings and it’s safe to say that there is more than one reason to celebrate. This includes a massive 18% growth rate and also record-level engagement across the board for its user sessions.
These findings were in relation to the most recent data highlighted from parent firm Microsoft.
As can be seen, over here, the firm’s revenue also witnessed an increase of 10% during this period. And most of it was driven thanks to the likes of growth in the Talent Solutions recruitment component. But the company is not celebrating too much as they predict a decrease in such figures for 2023. The reason is linked to slower hiring in the tech industry where most of the app’s job postings arise from.
The company announced the news through a public post that highlighted the success of record-level engagements across its staggering 900 million-member household. To better put things into perspective, around 3 members are joining this platform each second and most of these members hail from countries other than the US.
The news of closing in on its milestone of reaching one billion members is definitely a point worth mentioning. Remember, users and members are different so it’s yet to get to the billion-user milestone but dreams do come true.
As a whole, how many users does this company actually have? Well, it might be a little close to impossible to figure out the right answer. Each month, we’ve got around 310 million monthly active people.
Now, this is just an estimate, it could be bigger than this, considering the great increase in engagements. But nevertheless, this is all just speculation as no insights are given on the actual engagement levels by the firm.
But while we do not really have some in-depth insights regarding usage, the company does provide several more specifics on engagement trends of the latest date.
For starters, the app’s members were viewing 22% more content in the form of Feed Updates from last year. This is definitely a major YoY growth.
The company’s members claim 25% more people are taking in public chats through the app. And lastly, the platform’s newsletter creation has increased by 10 times YoY.
These are just some of the many elements that have resulted in the likes of the app’s record engagement level again. This is reported each quarter since the year 2018.
So while the app does witness great engagement levels. It’s definitely worth notice of how there are record levels of interactions taking place and it just might not be a huge deal or maybe it really is.
Remember, a 22% rise in terms of engagement is really great, and keeping this figure in mind, it might be worth considering the app is a huge focal point in terms of different companies' marketing plans for this year.
But the app is really skeptical as it does know how this year could change the stats due to the economic downturn arising. Nevertheless, the news is significant and it’s clear proof that LinkedIn is truly the place to be in terms of social interactions of a professional kind.
It generates great opportunities, provides wonderful exposure, and gives rise to maximal engagement for all stakeholders involved. Moreover, considering the way Twitter is really shaping out, thanks to its new chief and less ad spending, LinkedIn might as well make the most of this opportunity.
A lot of professional chats and discussions could shift in LinkedIn’s direction and provide more opportunities for users on this app.
Read next: Trashposting by CEOs on LinkedIn Is Attracting Users To Potential Work Places
The platform recently laid out figures of its latest quarter’s findings and it’s safe to say that there is more than one reason to celebrate. This includes a massive 18% growth rate and also record-level engagement across the board for its user sessions.
These findings were in relation to the most recent data highlighted from parent firm Microsoft.
As can be seen, over here, the firm’s revenue also witnessed an increase of 10% during this period. And most of it was driven thanks to the likes of growth in the Talent Solutions recruitment component. But the company is not celebrating too much as they predict a decrease in such figures for 2023. The reason is linked to slower hiring in the tech industry where most of the app’s job postings arise from.
The company announced the news through a public post that highlighted the success of record-level engagements across its staggering 900 million-member household. To better put things into perspective, around 3 members are joining this platform each second and most of these members hail from countries other than the US.
The news of closing in on its milestone of reaching one billion members is definitely a point worth mentioning. Remember, users and members are different so it’s yet to get to the billion-user milestone but dreams do come true.
As a whole, how many users does this company actually have? Well, it might be a little close to impossible to figure out the right answer. Each month, we’ve got around 310 million monthly active people.
Now, this is just an estimate, it could be bigger than this, considering the great increase in engagements. But nevertheless, this is all just speculation as no insights are given on the actual engagement levels by the firm.
But while we do not really have some in-depth insights regarding usage, the company does provide several more specifics on engagement trends of the latest date.
For starters, the app’s members were viewing 22% more content in the form of Feed Updates from last year. This is definitely a major YoY growth.
The company’s members claim 25% more people are taking in public chats through the app. And lastly, the platform’s newsletter creation has increased by 10 times YoY.
These are just some of the many elements that have resulted in the likes of the app’s record engagement level again. This is reported each quarter since the year 2018.
So while the app does witness great engagement levels. It’s definitely worth notice of how there are record levels of interactions taking place and it just might not be a huge deal or maybe it really is.
Remember, a 22% rise in terms of engagement is really great, and keeping this figure in mind, it might be worth considering the app is a huge focal point in terms of different companies' marketing plans for this year.
But the app is really skeptical as it does know how this year could change the stats due to the economic downturn arising. Nevertheless, the news is significant and it’s clear proof that LinkedIn is truly the place to be in terms of social interactions of a professional kind.
It generates great opportunities, provides wonderful exposure, and gives rise to maximal engagement for all stakeholders involved. Moreover, considering the way Twitter is really shaping out, thanks to its new chief and less ad spending, LinkedIn might as well make the most of this opportunity.
A lot of professional chats and discussions could shift in LinkedIn’s direction and provide more opportunities for users on this app.
Read next: Trashposting by CEOs on LinkedIn Is Attracting Users To Potential Work Places
