Jay Yarow | Dec. 6, 2011, 9:20 AM
Image: Flickr/The DEMO Conference
LinkedIn CEO Jeff Weiner
The reason? Its three lines of business are on fire right now.
Here’s JP Morgan analyst Doug Anmuth:
Continued strength across business lines. LinkedIn’s three business segments continued to deliver strong growth in 3Q, with Hiring Solutions (+160%), Marketing Solutions (+113%), and Premium Subscriptions (+81%), outpacing our prior estimates of 133%, 99%, and 56%, respectively. We are encouraged by the company’s growing penetration in the enterprise market (~7,400 customers), accelerating member growth, and strong user engagement trends. Importantly, despite very heavy investments in field sales, international expansion, and new products, LinkedIn continues to post solid mid-teens EBITDA margins and we look for margin expansion into 2012.