LinkedIn's Q1 2012 Earnings

Q1’12 Results

Safe Harbor“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This presentation and the accompanyingconference call contain forward-looking statements about our products, including our planned investments in key strategic areas,certain non-financial metrics, such as member growth and engagement, and our expected financial metrics such as revenue, adjustedEBITDA, depreciation and amortization and stock-based compensation for the second quarter of 2012 and the full fiscal year 2012.The achievement of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any ofthese risks or uncertainties materialize or if any of the assumptions prove incorrect, the company’s results could differ materially fromthe 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 limited operatinghistory in a new and unproven market; engagement of our members; the price volatility of our Class A common stock; generaleconomic conditions; expectations regarding the return on our strategic investments; execution of our plans and strategies, includingwith respect to acquisitions of other companies; expectations regarding the company’s ability to timely and effectively scale and adaptexisting technology and network infrastructure to ensure that its website is accessible at all times with short or no perceptible loadtimes; security measures and the risk that the company’s website may be subject to attacks that degrade or deny the ability ofmembers to access the company’s solutions; our ability to maintain our rate of revenue growth; our ability to accurately track our keymetrics internally; members and customers curtailing or ceasing to use the company’s solutions; the company’s core value of puttingmembers first, which may conflict with the short-term interests of the business; privacy issues; increasing competition; our ability tomanage our growth and retain our employees; 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 with theSecurities and Exchange Commission from time to time, including the section entitled “Risk Factors” in the company’s Annual Reporton Form 10-K that was filed for the year ended December 31, 2011, and additional information will also be set forth in our Form 10-Qthat will be filed for the quarter ended March 31, 2012, which should read in conjunction with these financial results. These documentsare available on the SEC Filings section of the Investor Information section of the company’s website at http://investors.linkedin.com/.All information provided in this presentation is as of May 3, 2012, 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) 103 10 9.4 161160 100 145 92 88140 131 8 7.6 7.6 82 7.1 7.1 80 75120 116 102 65 6 5.5100 5.0 90 60 81 53 3.9 80 72 4 3.6 64 46 45 60 40 2 40 20 20 0 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Members (MM) Unique Visitors, comScore (MM) Page Views, comScore (BN) 4

(Millions) Revenue$200 $188 130%$180 $168 120%$160 110% $139$140 $121 100%$120 90% $94$100 $82 80% $80 $62 $55 70% $60 $45 $39 $30 60% $40 $28 $23 $20 50% $0 40% Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Net Revenue ($MM) % y/y 5

(Millions) Revenue by Product $200 $188 $180 $168 20% $160 $139 20% $140 $121 20% 26% $120 $94 20% 30% $100 $82 29% $80 21% $62 32% 22% $55 $60 $45 30% $39 25% 34% 54% 27% $40 $28 $30 50% $23 30% 31% 51% 32% 33% 48% $20 39% 38% 32% 49% 47% 37% 44% 32% 30% 40% 44% 26% 31% 38% 27% 29% 32% $0 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Hiring Solutions Marketing Solutions Premium Subscriptions 6

(Millions) Revenue by Geography $200 $188 $180 $168 6% 7% $160 6% $139 6% $140 23% $121 6% 6% 21% $120 5% 5% 21% $94 $100 $82 22% 5% 5% $80 5% $62 21% $55 20% $60 $45 64% 67% $39 18% 20% 67% $40 $28 $30 68% $23 20% 22% 71% 69% 21% 19% 74% $20 20% 73% 73% 75% 72% 75% 73% $0 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 US EMEA APAC Other Americas 7

(Millions) Revenue by Channel $200 $188 $180 $168 $160 $139 46% $140 $121 $120 43% $94 47% $100 $82 45% $80 $62 46% $55 41% $60 $45 $39 46% 57% 54% $40 $28 $30 45% $23 47% 55% 53% 43% 46% 50% 59% 54% $20 50% 54% 57% 53% 55% 50% 54% 50% $0 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Field Sales Online Sales 8

Adjusted EBITDA & Margin (Millions)$40 $38 25% $34$35 20%$30 $26 $25$25 15%$20 $16$15 $13 10% $11 $11 $9$10 $5 5% $4 $4$5 $1$0 0% Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Adjusted EBITDA Margin% 9

Net Income & Cash Flow Highlights Q1 2012 Q4 2011 Q1 2011 Net Income $mn, GAAP $5.0 $6.9 $2.1 Net Income $mn, Non-GAAP $16.9 $13.3 $5.8 EPS, GAAP Fully-Diluted Weighted Shares * Excludes both net income attributable to preferred shareholders & $0.04 $0.06 $0.00 preferred shares in share count EPS, Non-GAAP Fully-Diluted Weighted Shares $0.15 $0.12 $0.06 Operating Cash Flow (OCF) $63.2 $24.2 $26.6 Free Cash Flow, $mn (OCF – Purchases of PPE) $41.1 $3.5 $10.4 Cash, Cash Equivalents, & ST Investments, $mn $620.8 $577.5 $106.1For additional reconciliation of our non-GAAP measures, please see the “Selected Company Metrics and Financials” page on LinkedIn’s InvestorRelations site. 10

Guidance Q2 2012 FY 2012 Revenue, $mn $210-215 $880-900 Adjusted EBITDA, $mn $40-42 $170-175Depreciation & Amortization, $mn $18.5-19.5 $75-85Stock-Based Compensation, $mn $18-19 $80-90 11

Non-GAAP Reconciliations 12

Thank You

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LinkedIn's Q1 2012 Earnings

by LinkedIn on May 03, 2012

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LinkedIn’s Q1 2012 Earnings Presentation Transcript