If you’re not reaching, engaging, and monetizing customers on mobile, you’re likely losing them to someone else. Register now for the 8th annual MobileBeat
, July 13-14, where the best and brightest will be exploring the latest strategies and tactics in the mobile space.
Business social network LinkedIn just posted its Q1 2013 earnings, and while the results trumped expectations, investors seem a bit spooked because it issued weak guidance.
LinkedIn’s shares are down more than 10 percent in after-hours trading. The price is sitting at about $179.70 as of this report.
Analysts expected the company to post earnings per share of $0.31 on revenue of $318 million. LinkedIn trumped that with Q1 revenue of $324.7 million, an increase of 72 percent versus the the first quarter of 2012. Non-GAAP earnings per share came in at $0.45.
Additionally, analysts thought that revenue guidance would come in at about $359 million for the next quarter, but the company expects less with a number between $342 million and $347 million. The company said:
Q2 2013 Guidance: Revenue is expected to range between $342 million and $347 million. Adjusted EBITDA is expected to range between $77 million and $79 million. The company expects depreciation and amortization to be between $30 million and $32 million, and stock-based compensation to be between $49 million and $51 million.
Full Year 2013 Guidance: Revenue is revised upward by $20 million to range between $1.430 billion and $1.460 billion. Adjusted EBITDA is revised upward by $15 million to range between $330 million and $345 million. The company expects depreciation and amortization to be between $130 million and $135 million, and stock-based compensation to be between $190 million and $195 million.
Photo via Jolie O’Dell/VentureBeat