LinkedIn's Revenue Surpasses $15B for the First Time: Microsoft's Q4 FY23 Earnings
Microsoft announced its Q4 FY23 earnings, which included several highlights for LinkedIn. In Q4, LinkedIn's revenue increased by 5% year-over-year (7% in constant currency), surpassing $15 billion for the first time this fiscal year. Membership growth has accelerated for eight consecutive quarters, reflecting the platform's critical role in connecting, educating, selling, and hiring its more than 950 million members. The Talent Solutions business surpassed $7 billion in revenue over the past 12 months, and the hiring business gained market share for the fourth consecutive quarter. LinkedIn is using AI to help members and customers connect to opportunities and tap into the experiences of experts on the platform. More than 7 million members have verified their identities or workplaces, many using new integrations with Microsoft Entra, CLEAR, and Hyperverge.
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Microsoft announced Q4 FY23 Earnings. Included in the report on the financial performance were the following
LinkedIn highlights:
- In Q4, LinkedIn’s revenue increased 5% year-over-year (7% in constant currency).
- LinkedIn’s revenue surpassed $15 billion for the first time this fiscal year and membership growth has now accelerated for eight quarters in a row, a testament to how mission critical the platform has become to help more than 950 million members connect, learn, sell, and get hired.
- Our Talent Solutions business surpassed $7 billion in revenue for the first time over the past 12 months, and our hiring business took share for the fourth consecutive quarter.
- We continue to use AI to help our members and customers connect to opportunities and tap into the experiences of experts on the platform. Our AI-powered collaborative articles are now the fastest-growing traffic driver to LinkedIn.
- And finally, we’re helping LinkedIn stay trusted and authentic. More than 7 million members have verified who they are or where they work, many using new integrations with Microsoft Entra, as well as CLEAR and Hyperverge.
About
LinkedIn
Founded in 2003, LinkedIn connects the world's professionals to make them more productive and successful. With more than 850 million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world's largest professional network. The company has a diversified business model with revenue coming from Talent Solutions, Marketing Solutions, Sales Solutions and Premium Subscriptions products. Headquartered in Silicon Valley, LinkedIn has offices across the globe.
SOURCE LinkedIn