LinkedIn has released their Q3 2016 earnings report, and it is showing a 23 percent year over year increase for the quarter, with $960 million in revenue.
In the announcement, it was said that the site grew its member base by 18 percent year over year and now stands at 467 million members. According to LinkedIn, its member page views were up to 27 percent in Q3, and that over 60 percent of all traffic to LinkedIn is now on mobile.
“Mobile continues to grow at more than double the rate of overall member activity,” claims Linkedin.
The company broke down their revenue gains by product, highlighting a 24 percent year over year increase from Talent Solutions revenue at $623 million, which is the site’s largest driver of revenue. Talent Solutions earnings were split between Hiring, which brought in $556 million, and Learning and Development, which had brought in $67 million.
Marketing Solutions went up 26 percent ear over year at $175 million, while Premium Subscriptions were up 17 percent year over year, and brought in $162 million.
According to LinkedIn, Sponsored Content was the primary driver of its Marketing Solutions Revenue, and the Sales Navigator tool had been the fastest growing component of their Premium Subscriptions.
This is the second earnings report LinkedIn has released since being acquired by Microsoft in June.