LinkedIn Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Revenue for the first quarter was $324.7 million, an increase of 72% compared to $188.5 million in the first quarter of 2012. GAAP net income for the first quarter was $22.6 million, compared to net income of $5.0 million for the first quarter of 2012. GAAP diluted EPS was $0.20 based on 115.4 million fully-diluted weighted shares outstanding compared to $0.04 for the first quarter of 2012 based on 111.3 million fully-diluted weighted shares outstanding. Non-GAAP net income for the first quarter was $52.4 million, compared to $16.9 million in the first quarter of 2012. Non-GAAP diluted EPS for the first quarter was $0.45 versus $0.15 of prior year period. Non-GAAP net income for the first quarter was $52.4 million, compared to $16.9 million for the first quarter of 2012. Income from operations was $23.6 million against $10.6 million for the same period last year. Income before income taxes was $23.3 million against $10.8 million of prior year period. Adjusted EBITDA for the first quarter was $83.4 million or 26% of revenue, compared to $38.1 million for the first quarter of 2012, or 20% of revenue. Net cash provided by operating activities was $103.8 million against $63.2 million of prior year period. Purchases of property and equipment were $44.3 million against $22.1 million of prior year period. The company provided earnings guidance for the second quarter and full year 2013. For the quarter, the company expects revenue to range between $342 million and $347 million; Adjusted EBITDA 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. Fr the full year, 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.

LinkedIn Corporation Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-07-2013 . Venue: The Westin New York, Times Square Hotel, New York, New York, United States.

LinkedIn Corporation, Q1 2013 Earnings Call, May 02, 2013