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LinkedIn passes $2B in premium revenue in 12 months, with overall revenue up 9% on the year
LinkedIn, the social platform where people look for and talk about work, may be less visible in Microsoft’s earnings compared to the years when it was an
Indeed, later in the earnings call, LinkedIn said that it expected future revenues to grow in the “low- to mid- single digits” dragged by headwinds in Talent Solutions division. Nevertheless, the $2 billion figure is a milestone for LinkedIn and speaks to the push that the company has been making to fold in a growing number of extra features into the paid tiers to persuade more users to sign on and pay up. “Building a $2B revenue subscription business is something only a handful of digitally native companies in history have ever accomplished,” LinkedIn CEO Ryan Roslansky told TechCrunch in a statement.
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