Hiring Solutions now over half of LinkedIn revenue
Fri, 4 May 2012
Social network LinkedIn’s Hiring Solutions now accounts for 54% of revenue by products for the firm, according to its Q1 2012 financial results.
This puts it well above the 50% mark for the first time. It had stood at 51% for Q3 2011, but then dropped back to exactly half in Q4.
Marketing Solutions made up 26% of revenues and 20% came from premium subscriptions.
The US remained the biggest region for revenue at 64%, although it is steadily losing ground to EMEA (23%), APAC (7%) and other Americas (6%).
The number of members rose from 145m to 161m, meaning they have more than doubled since Q3 2010.