LinkedIn hits 380 million members and $71M profit, $712M in revenue in Q2

Business-oriented social networking company LinkedIn today announced a $71 million non-GAAP profit, or 55 cents per share, on the $712 million in revenue that it brought in during the second quarter of 2015.

It’s been a good quarter, financially speaking. Analysts were forecasting $679.8 million in revenue and 30 cents in earnings per share, despite the $67.5 million net loss in GAAP terms.

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The social network now has 380 million members, up from 364 million last quarter, according to today’s earnings statement.

LinkedIn stock was up 7 percent immediately following the earnings release. The company gave guidance of 43 cents in earnings per share and $745 million to $750 million in revenue.

Quarterly revenue was up 33 percent year over year. The company’s talent solutions revenue, including learning and development revenue (which is now broken out as its own category), was up 38 percent.

Earlier this week social networking companies Facebook and Twitter also reported user growth.

LinkedIn announced the $1.5 billion acquisition of Lynda.com, introduced the Elevate app through which members can share content about their companies, relaunched the Pulse news app, and open-sourced its Pinot real-time analytics software — all in the second quarter of this year.

The addition of Lynda.com should be significant for LinkedIn going forward. “We believe this could be one of LinkedIn’s most transformational initiatives, as it has the potential to improve the member experience across the platform,” LinkedIn said in today’s earnings statement. Lynda.com now offers 6,800 courses and 280,000 videos, with more than 150 courses becoming available each month, according to the earnings statement.

Not that LinkedIn isn’t still a place to find job postings: The site now features 4 million job listings, up from 1 million a year ago.