LinkedIn has surpassed 200m registered users, announcing profits more than double what market analysts were expecting. The business-based social network saw pofits for the fourth quarter reach $40.2m (25.5m). The rise came as increasing numbers of job seekers and recruiters signed up to get connected taking the numbers registered to more than 200 million. Linkedin […]
LinkedIn has surpassed 200m registered users, announcing profits more than double what market analysts were expecting.
The business-based social network saw pofits for the fourth quarter reach $40.2m (25.5m).
The rise came as increasing numbers of job seekers and recruiters signed up to get connected taking the numbers registered to more than 200 million.
Linkedin also said its future prospects were bright, and shares rose 10% on after hours trading on Thursday.
Turnover was also higher than expected, rising 81% to $304m from the same period a year ago.
The site’s international markets performed strongly, more than doubling in the past year to bring sales of $114.6m.
International earnings are now 38% of the total business.
The figures mean the company, which listed on the stock market in May 2011, has beaten earnings forecasts for seven consecutive quarters.
LinkedIn was founded by former employees of the payment processing system PayPal in 2002.
