LinkedIn Ad Sales Up 63%, Revs Double

MediaPost

Professional networking site LinkedIn on Thursday said revenue surged 89% in the second quarter on strong gains in its hiring services business in particular.

Net income was $2.8 million compared with $4.5 million for the year-earlier period, due to higher costs. On an adjusted basis, LinkedIn reported a profit of $18 million, or 16 cents a share. Revenue rose to $228 million from $121 million a year ago.

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