LinkedIn generated $121 million in revenue and $4.5 million in income in Q2, beating Wall Street expectations in its first quarter as a public company.
The business social network earned more than double the $54.9 million in revenue it generated in Q2 2010. As a result, the company earned $4.5 million in net income after taxes, according to today's financial earnings report. That's about the same as the $4.29 million it earned in Q2 2010. LinkedIn reported earnings per share (EPS) of $0.04, beating Wall Street estimates that the company would earn $0.01 per share.
The company also released a slew of stats about the health of its social network, claiming record levels of members, unique visitors and pageviews. LinkedIn now has 115.8 million members, up 61% from Q2 2010. Unique visitors are up 83% to 81.8 million per month, while pageviews jumped 80% to 7.1 billion.
LinkedIn shares rose 5.8% in after-hours trading on the positive news to $101. It's important to note, however, that LinkedIn shares dropped by a whopping 9.59% during today's stock market freefall.