Right after yesterday’s earnings, LinkedIn shares (NYSE:LNKD) have popped 19.16 percent to 147.86. It is clearly linked to the company’s earnings. Revenue is up 81 percent to $304 million and net profit is following the same trend.
Since going public, LinkedIn’s revenue has been steadily going up and net profit is finally catching up — compared to the previous quarter, net profit is up five times from $2.3 million to $11.5 million.
LinkedIn CEO Jeff Weiner even called 2012 a “transformative year” for the company in a statement. LinkedIn passed 200 million members with good international growth. The product received some improvements, such as a redesign profile page, new API implementations, upgrades to the mobile apps and others.
Overall, everything seems to be going well for the company. Contrarily to other companies that were under the IPO spotlights in 2012, LinkedIn fared pretty well. Shares were up around 200 percent from 74.32 to 147.86 over the last 12 months. Facebook, Zynga and Groupon had more troubles on this ground.
The company was first introduced in the NYSE in May 2011. Priced at $45 a share, the stock has more than tripled since that time.