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Last Update: 03-May-13 07:40 ET
LinkedIn shares fall 10% following downside guidance
LinkedIn (LNKD $180.00 -19.67) reported first quarter earnings of $0.45 per share, excluding non-recurring items, $0.14 better than the Capital IQ consensus of $0.31, while revenues rose 72.3% year/year to $324.7 million versus the $318.04 million consensus; adj. EBITDA $83.4 million vs. $67-69 million vs. $71 million consensus. The company issued downside guidance for Q2, sees Q2 revs of $342-347 million versus the $359.89 million Capital IQ Consensus Estimate; sees Q2 adjusted EBITDA of $77-79 million vs. the approximately $85 million consensus.
The company raised fiscal year 2013 guidance below consensus, raises FY13 rev to $1.43-1.46 billion from $1.41-1.44 vs. $1.50 billion Capital IQ Consensus Estimate; raised FY13 adjusted EBITDA to $330-345 million from $315-330 million vs. the $357 million consensus. Talent Solutions: Revenue from Talent Solutions products totaled $161.0 million, an increase of 90% compared to the fourth quarter of 2011. Talent Solutions revenue represented 53% of total revenue in the fourth quarter of 2012, compared to 51% in the fourth quarter of 2011. Marketing Solutions: Revenue from Marketing Solutions products totaled $83.2 million, an increase of 68% compared to the fourth quarter of 2011. Marketing Solutions revenue represented 27% of total revenue in the fourth quarter of 2012, compared to 30% in the fourth quarter of 2011. Premium Subscriptions: Revenue from Premium Subscriptions products totaled $59.4 million, an increase of 79% compared to the fourth quarter of 2011. Premium Subscriptions represented 20% of total revenue in the fourth quarter of 2012 and 2011.
The company raised fiscal year 2013 guidance below consensus, raises FY13 rev to $1.43-1.46 billion from $1.41-1.44 vs. $1.50 billion Capital IQ Consensus Estimate; raised FY13 adjusted EBITDA to $330-345 million from $315-330 million vs. the $357 million consensus. Talent Solutions: Revenue from Talent Solutions products totaled $161.0 million, an increase of 90% compared to the fourth quarter of 2011. Talent Solutions revenue represented 53% of total revenue in the fourth quarter of 2012, compared to 51% in the fourth quarter of 2011. Marketing Solutions: Revenue from Marketing Solutions products totaled $83.2 million, an increase of 68% compared to the fourth quarter of 2011. Marketing Solutions revenue represented 27% of total revenue in the fourth quarter of 2012, compared to 30% in the fourth quarter of 2011. Premium Subscriptions: Revenue from Premium Subscriptions products totaled $59.4 million, an increase of 79% compared to the fourth quarter of 2011. Premium Subscriptions represented 20% of total revenue in the fourth quarter of 2012 and 2011.
