LinkedIn showed strong growth in the first quarter of 2016

LinkedIn recently reported on the first quarter of 2016, in which the company's profit was higher than projected - $ 861 million and $ 0.74 in terms of share versus the forecast of $ 828 million and $ 0.60 per share. After the results were published, the company's shares jumped 15%, but subsequently rolled back to their previous values.

Wall Street analysts expected to hear about a 30% increase in annual terms and a 5% increase in earnings per share, instead LinkedIn reported a 35% increase in earnings. Of this amount, $ 558 million accounted for partner income from recruiting services and agencies, $ 154 million accounted for marketing and $ 149 million paid by paid subscribers.
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“LinkedIn has demonstrated strong development and growth among the main lines of business. As a result of an improved mobile experience, users have become more active on LinkedIn, which has helped to ensure profit for the whole platform.

Over the quarter, the virality of user actions grew by 80%, and the number of daily Shars increased by 40%, ”shared LinkedIn CEO Jeff Weiner.

For LinkedIn, such results play an important role - the company's shares fell by more than 40% after announcing the results for the fourth fiscal quarter of last year, and the company's capitalization fell by $ 10 billion. To maintain the company, Jeff Weiner was forced to make reductions, and also decided to donate an annual bonus shares of $ 14 million to all LinkedIn employees.

The results of the first quarter of 2016 demonstrated LinkedIn's ability to grow, despite the not very encouraging results of the last quarter. It now remains to observe the company throughout 2016, when it becomes clear whether LinkedIn can reach the stage of steady growth.