What you need to know
- LinkedIn now makes a revenue of over $10 billion annually.
- Microsoft shared how much revenue LinkedIn makes in its FY21 Q4 earnings report.
- LinkedIn revenue increased 46% year-over-year, in large part due to its Marketing Solutions growth of 97% over the same time.
Microsoft greatly exceeded Wall Street's expectations for FY21 Q4. The tech giant reported a 21% increase in revenue to $46.2 billion compared to the same quarter in the previous year. It also shared that its operating income increased 42% to $16.5 billion. Among the nuggets shared by Microsoft was the fact that LinkedIn now brings in over $10 billion in revenue annually.
Microsoft CEO Satya Nadella said (emphasis added):
LinkedIn's success comes at a time when many people are on the hunt for new jobs. Microsoft predicts that over 40% of people may quit their job this year.
Microsoft highlighted four results from the fiscal quarter in its report, one of which relates to LinkedIn. According to the company, "LinkedIn revenue increased 46% (up 42% in constant currency) driven by Marketing Solutions growth of 97% (up 91% in constant currency)."
While LinkedIn's revenue surged year-over-year, Surface revenue dropped 20% in the same timeframe. Even following that drop, Surface revenue hit $1.37 billion in FY21 Q4.
Sean Endicott is the news writer for Windows Central. If it runs Windows, is made by Microsoft, or has anything to do with either, he's on it. Sean's been with Windows Central since 2017 and is also our resident app expert. If you have a news tip or an app to review, hit him up at firstname.lastname@example.org.
Seems like a pretty solid investment, the opinions of many armchair CEOs notwithstanding.
That's more revenue than YouTube (if I am not mistaken). And I bet it doesn't cost anywhere near $10B to run LinkedIn! It makes MS's $25B purchase price look pretty good. If only they didn't lose all our passwords to hackers once in a while.
No...youtube is a 15 billion/year business.
Yes you're right. And YouTube just pulled $7B just this last quarter. But that's after very strong growth in the party last few years.
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