Shares of LinkedIn (LNKD) ended Friday's trading session roughly flat. The professional internet network reported its third quarter results on Thursday after the close. Shares opened around $115 on Friday, but closed at $107 eventually.
Third Quarter Results
LinkedIn reported third quarter revenues of $252.0 million, up 81% on the year. Revenues came in ahead of analysts consensus of $244.2 million.
LinkedIn reported adjusted EBITDA of $56.0 million compared to $24.7 million last year. Non-GAAP net income, which excludes stock-based compensation and amortization of intangible assets, rose from $6.6 million last year to $25.1 million. Non-GAAP earnings came in at $0.22 per share, beating analysts consensus of $0.11 per share.
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