LinkedIn is one of the world’s most popular networking platforms and while it might not be too visible inside parent firm Microsoft’s earnings report, it’s definitely made a mark on its own.
The company just shared its latest earnings report just like old times when it was working as an independent firm. The stats on display show how the company is certainly attaining massive growth.
The social media giant shared figures for Q2 where revenue grew 9% YoY. After that, LinkedIn also put its massive $2 billion record on display. This was in terms of revenue generated in a single year from only Premium subscriptions.
Today, the company has more than one billion users. It’s now disclosing the huge sum of money it’s made in terms of total revenue. For starters, Premium subscriptions hit a new high of $16.2 billion. This makes it a major part of its overall revenue.
Next, its latest domain is AI where business keeps on growing faster than before, and soon it might overshadow others. As per the CEO, it managed to earn $13 billion in yearly revenue which is a 175% rise from what was seen in the previous year.
It’s a great milestone for LinkedIn which hopes to make a greater mark in the professional world by launching its paid tiers while enticing more users to sign up and pay more for added features and benefits. The overall figure grew 50% in the past two years as per TechCrunch.
The company’s CEO shared how designing a business of subscriptions worth $2 billion is never easy and only a selected few manage to take on the challenge of reaching the goal. Thankfully, LinkedIn is taking great pride in being one of them. Ryan Roslansky shared more about how the company is currently focusing more on creating a model that meets users’ values and needs while also helping build a bigger and better career.
So far, it’s been so selective in terms of what figures to show and what to hide. But this time around seems like there’s more transparency on offer with a greater focus on good offerings than the not-so-successful figures.
The news comes after Microsoft shared its own earnings report and spoke about slow growth inside its cloud business. This is what sent the firm’s shares down to a new low towards the aftermarket trading.
Image: DIW-Aigen
Read next: Meta Pushes Back Against EU Ruling That Challenges the Future of Digital Marketplaces
The company just shared its latest earnings report just like old times when it was working as an independent firm. The stats on display show how the company is certainly attaining massive growth.
The social media giant shared figures for Q2 where revenue grew 9% YoY. After that, LinkedIn also put its massive $2 billion record on display. This was in terms of revenue generated in a single year from only Premium subscriptions.
Today, the company has more than one billion users. It’s now disclosing the huge sum of money it’s made in terms of total revenue. For starters, Premium subscriptions hit a new high of $16.2 billion. This makes it a major part of its overall revenue.
Next, its latest domain is AI where business keeps on growing faster than before, and soon it might overshadow others. As per the CEO, it managed to earn $13 billion in yearly revenue which is a 175% rise from what was seen in the previous year.
It’s a great milestone for LinkedIn which hopes to make a greater mark in the professional world by launching its paid tiers while enticing more users to sign up and pay more for added features and benefits. The overall figure grew 50% in the past two years as per TechCrunch.
The company’s CEO shared how designing a business of subscriptions worth $2 billion is never easy and only a selected few manage to take on the challenge of reaching the goal. Thankfully, LinkedIn is taking great pride in being one of them. Ryan Roslansky shared more about how the company is currently focusing more on creating a model that meets users’ values and needs while also helping build a bigger and better career.
So far, it’s been so selective in terms of what figures to show and what to hide. But this time around seems like there’s more transparency on offer with a greater focus on good offerings than the not-so-successful figures.
The news comes after Microsoft shared its own earnings report and spoke about slow growth inside its cloud business. This is what sent the firm’s shares down to a new low towards the aftermarket trading.
Image: DIW-Aigen
Read next: Meta Pushes Back Against EU Ruling That Challenges the Future of Digital Marketplaces