Jeff Weiner, CEO of LinkedIn, Member, Board of Directors at DonorsChoose said, “Q4 once again exceeded our expectations for member engagement and business growth. It was a fitting end to a memorable year in which we reinforced our position as the pre-eminent professional network on the web,” and continued “We believe continued focus on our members and technology infrastructure positions us well for accelerated product innovation in 2012.”
Linkedin initial prediction for total revenue was one hundred sixty million dollars. Their final total income in Q4 surpassed their initial prediction by more than seven million and brought their total Q4 profit up to one hundred sixty seven million dollars.
Linkedin has seen a more than one hundred percent increase in total revenue this same time two years earlier (2010.) ‘Hiring solutions’ was their main source of revenue, which brought in more than eighty million dollars in the final quarter alone. Linkedin stock is currently up more than five percent.