LinkedIn Beats The Street In First Quarter As A Public Company; Revenue Up 120 Percent To $121M

For the first time as a public company, professional social network LinkedIn is reporting its second quarter results today. LinkedIn's revenue for the quarter came in at $121 million, which is an increase of 120% compared to $54.9 million for the second quarter of 2010. Net income for the second quarter was $4.5 million, compared to $4.3 million for the second quarter of 2010; Non-GAAP net income for the second quarter was $10.8 million, compared to $6.4 million for the second quarter of 2010. The company blew away analayst estimates the quarter. Analysts expected a loss of 4 cents per share on revenue of $104.5 million. Adjusted EBITDA for the second quarter was $26.3 million, or 22% of revenue, compared to $11.5 million for the second quarter of 2010, or 21% of revenue. GAAP earnings per share for the second quarter was $0.04; and Non-GAAP EPS for the second quarter was $0.10.

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