LinkedIn Corporation reported its results for the first quarter of 2015. Revenue for the first quarter was $638 million, an increase of 35% compared to $473 million in the first quarter of 2014.
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Net loss attributable to common stockholders for the first quarter was $43 million, compared to net loss of $13 million for the first quarter of 2014. Non-GAAP net income for the first quarter was $73 million, compared to $47 million for the first quarter of 2014.
Non-GAAP net income excludes tax affected non-cash items, such as stock-based compensation and amortization of acquired intangible assets.
Adjusted EBITDA for the first quarter was $160 million, or 25% of revenue, compared to $117 million for the first quarter of 2014, or 25% of revenue.
GAAP diluted EPS for the first quarter was ($0.34), compared to GAAP diluted EPS of ($0.11) for the first quarter of 2014; non-GAAP diluted EPS for the first quarter was $0.57, compared to non-GAAP diluted EPS of $0.38 for the first quarter of 2014.
Revenue from Talent Solutions products totaled $396 million, an increase of 36% compared to the first quarter of 2014. Talent Solutions revenue represented 62% of total revenue in the first quarter of 2015 and 2014.
Revenue from Marketing Solutions products totaled $119 million, an increase of 38% compared to the first quarter of 2014. Marketing Solutions revenue represented 19% of total revenue in the first quarter of 2015, compared to 18% of total revenue in the first quarter of 2014.
Revenue from Premium Subscriptions products totaled $122 million, an increase of 28% compared to the first quarter of 2014. Premium Subscriptions represented 19% of total revenue in the first quarter of 2015, compared to 20% of total revenue in the fourth quarter of 2014.
Q2 2015 Guidance: Revenue is expected to range between $670 million and $675 million. Adjusted EBITDA is expected to be approximately $120 million.
Non-GAAP EPS is expected to be approximately $0.28. The company expects depreciation of approximately $68 million, amortization of approximately $24 million, and stock-based compensation of approximately $144 million. The company also expects approximately 129 million fully-diluted weighted shares.
Full Year 2015 Guidance: Revenue is expected to be approximately $2.90 billion. Adjusted EBITDA is expected to be approximately $630 million. Non-GAAP EPS is expected to be approximately $1.90.
The company expects depreciation of approximately $290 million, amortization of approximately $128 million, and stock-based compensation of approximately $500 million. The company also expects approximately 131 million fully-diluted weighted shares.
Shares of LinkedIn plunged after the company released that guidance for the year and were down 23 percent. ■