LinkedIn's Q3 Earnings Call

Q3’11 Results

Safe Harbor“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-lookingstatements about our planned investments in key strategic areas, and our expected financial metrics such as revenue, adjustedEBITDA, depreciation and amortization and stock-based compensation for the fourth quarter of 2011 and the full fiscal year .The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties andassumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the company’s resultscould differ materially from the results expressed or implied by the forward-looking statements the company makes.The risks and uncertainties referred to above include - but are not limited to - risks associated with the company’s shortoperating history in a new and unproven market; engagement of its members; the price volatility of its Class A common stock;expectations regarding the company’s ability to timely and effectively scale and adapt existing technology and networkinfrastructure to ensure that its website is accessible at all times with short or no perceptible load times; security measures andthe risk that the company’s website may be subject to attacks that degrade or deny the ability of members to access thecompany’s solutions; members and customers curtailing or ceasing to use the company’s solutions; the company’s core valueof putting members first, which may conflict with the short-term interests of the business; privacy issues; increasing competitionin the market for online professional networks; and the dual class structure of the company’s common stock.Further information on these and other factors that could affect the company’s financial results is included in filings it makes withthe Securities and Exchange Commission from time to time, including the section entitled “Risk Factors” in the company’s Form10-Q that will be filed for the quarter ended September 30, 2011. These documents are available on the SEC Filings section ofthe Investor Information section of the company’s website at http://investors.linkedin.com/. All information provided in thisrelease and in the attachments is as of November 3, 2011, and LinkedIn undertakes no duty to update this information. 2

Jeff Weiner 1stChief Executive Officer at LinkedInSan Francisco Bay Area | Internet Send Message View Profile Steve Sordello 1st Chief Financial Officer at LinkedIn San Francisco Bay Area | Internet Send Message View Profile 3

Key Metrics(Millions) (Millions) (Billions)140 100 131 8 7.6 88 7.1 7.1120 116 82 80 75 6 102 5.5100 5.0 90 65 81 60 3.980 4 3.6 72 53 64 46 4560 55 48 40 2 4240 3720 20 0 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Members, mn Avg comScore Unique Visitors, mn comScore Page Views, bns 4

Revenue (Millions) $139$140 130% $121 120%$120 110%$100 $94 100% $82 90%$80 80% $62$60 $55 70% $45 60% $39$40 $28 $30 50% $23$20 40% Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Revenue, $mn y/y% 5

Revenue by Product (Millions) $139$140 $121 20%$120 20%$100 $94 29% $82 21% $80 32% 22% $62 $60 $55 30% 25% $45 27% 34% $39 $40 30% $30 31% 51% $28 32% 33% $23 48% 39% 38% 32% 49% $20 47% 37% 44% 32% 30% 44% 26% 38% 40% 29% 32% 31% 27% $- Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Premium Subscriptions Marketing Solutions Hiring Solutions 6

Revenue by Geography (Millions) $139$140 $121$120 33%$100 $94 32% $82 $80 31% 29% $62 $60 $55 26% $45 27% 67% $39 68% $40 27% $30 28% 69% $28 71% $23 25% 27% 74% $20 25% 73% 72% 73% 75% 73% 75% $- Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 International US 7

Revenue by Channel (Millions) $139$140 $121$120 47%$100 $94 45% $82 $80 46% $62 41% $60 $55 $45 46% $39 45% $40 53% $28 $30 47% 55% $23 43% 59% 54% $20 46% 50% 50% 55% 54% 57% 53% 50% 54% 50% $- Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Online Sales Field Sales 8

Adjusted EBITDA & Margin (Millions)$30 25%$27 $26.3 $24.7$24 20%$21$18 $16.3 15%$15 $13.3$12 $11.5 $11.1 10% $9.1 $9 $6 $5.3 5% $4.4 $3.7 $3 $1.3 $0 0% Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Adjusted EBITDA Margin% 9

Net Income & Cash Flow Highlights Q3 2010 Q2 2011 Q3 2011 Net Income (Loss) $mn, GAAP $4.0 $4.5 $(1.6) Net Income (Loss) $mn, Non-GAAP $6.0 $10.8 $6.6 EPS, GAAP Fully-Diluted Weighted Shares* Excludes both net income attributable to preferred shareholders & $0.02 $0.04 $(0.02) preferred shares in share count EPS, Non-GAAP Fully-Diluted Weighted Shares $0.07 $0.10 $0.06 Operating Cash Flow (OCF) $13.6 $36.0 $46.7 Free Cash Flow, $mn (OCF – Purchases of PPE) ($5.6) $12.6 $17.9 Cash, Cash Equivalents, & ST Investments, $mn $89.6 $372.1 $387.7 10

Guidance Q4 2011 FY 2011 Revenue, $mn $154-158 $508-512 Adjusted EBITDA, $mn $19-21 $83-85Depreciation & Amortization, $mn $14-16 $43-45Stock Based Compensation, $mn $10-12 $29-31 11

Non-GAAP Reconciliations 12

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LinkedIn's Q3 Earnings Call

by LinkedIn on Nov 03, 2011

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LinkedIn’s Q3 Earnings Call — Presentation Transcript