LinkedIn Earnings: Tops Analyst’s Estimates; Acquires Bright.com for USD 120M

LinkedIn shows rock-hard financial performance topping analysts’ estimates as Q4’13 revenues take a 47% leap with $447 million. The company earned 3 cents a share or $3.8 million that was down 67% from $11.5 million or 10% share a year earlier.

The California-based company also projected first-quarter revenue between $455 million and $460 million, leaving investors despondent with its plodding growth. LinkedIn’s total 2014 revenue projected between $2.02 billion and $2.05 billion. Stock prices of the professional social networking site embarked as much as 15% downward trail in extended trading.

LinkedIn’s Q4 Revenue breaks down

 

Total mobile users of the site accounted for 38%, compared to 8% in early 2011. The company has set its sight on making money out of its mobile application through features such as sponsored updates.

LinkedIn makes it biggest acquisition deal till date buys Bright.com for $120M

LinkedIn made its biggest acquisition deal till date by buying Bright.com for $ 120M .The data insight firm that connects employers and prospective hires utilizes machine-learning algorithm to recommend jobs to those who are looking for work. Over past few years LinkedIn has made several updates and launched new features to improve the process for recruiters, and from the looks of it, Bright seems to be a natural fit as it might kick things up under job posting.

The founder, Eduardo Vivas started Bright.com with serial founder, Steve Goodman in 2011.  Eduardo had previously

founded Social Hour which was bought in 2012 for $51.5 million by Playphone. Serial entrepreneur Steve Goodman founded PacketTrap – acquired by Quest Software; Lasso Logic – acquired by SonicWALL (now a part of Dell) and Learning Productions – acquired by SkillSoft.

The $120 million will be paid in 73% stock and 26% cash.

Some of LinkedIn’s Acquisition till Date:

 

Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Recent Posts

Visa takes over Swedish fintech Tink in €1.8bn deal

Visa takes over Swedish fintech Tink in €1.8bn deal

: Visa is committed to perform better in the field of open banking sector by combining its networks and Tink’s modern technologies.
10 hours ago
BP Invests $7 million in Electric Vehicle Charging Technologies

BP Invests $7 million in Electric Vehicle Charging Technologies

Investment in IoTecha is linked with BP’s intention to produce over 70,000 public EV charging points globally by 2030
10 hours ago
Elon Musk’s Starlink satellite internet set to cover the globe soon

Elon Musk’s Starlink satellite internet set to cover the globe soon

Starlink, the satellite internet unit of Elon Musk’s SpaceX, will most likely be able to provide global coverage by September, according to the company’s president Gwynne S
1 day ago
At the next Krispy Kreme IPO, the donut maker aims to raise nearly $4 billion

At the next Krispy Kreme IPO, the donut maker aims to raise nearly $4 billion

Krispy Kreme, the popular donut chain, aims raise roughly $4 billion as it makes one of the biggest IPO debuts at the NYSE.
1 day ago
Panasonic hopes Blue Yonder acquisition will improve its software woes

Panasonic hopes Blue Yonder acquisition will improve its software woes

Most Japanese major companies, which at one time were leaders in consumer electronics, are struggling to find their feet in a world that has moved to digital software. Electronics
2 days ago
Ikea and Rockefeller Foundations to raise $10 billion for renewable energy projects in poor countries

Ikea and Rockefeller Foundations to raise $10 billion for renewable energy projects in poor countries

The Ikea and Rockefeller foundations are jointly launching a $10 billion fund to promote small-scale renewable power projects in developing nations. Both
3 days ago