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Q1โ€™14 Results
May 2014
2
Safe harbor
3
โ€œSafe Harborโ€ statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-
looking statements about our products, including our investments in products, technology and other key strategic areas,
certain non-๏ฌnancial metrics, such as customer and member growth and engagement, and our expected ๏ฌnancial metrics
such as revenue, adjusted EBITDA, depreciation and amortization and stock-based compensation for the second quarter of
2014 and the full ๏ฌscal year 2014. The achievement of the matters covered by such forward-looking statements involves
risks, uncertainties and assumptions. If any of these risks or uncertainties materialize or if any of the assumptions prove
incorrect, the companyโ€™s results could 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: our limited operating
history in a new and unproven market; engagement of our members; the price volatility of our Class A common stock;
general economic conditions; expectations regarding the return on our strategic investments; execution of our plans and
strategies, including with respect to mobile products and features; security measures and the risk that they may not be
suf๏ฌcient to secure our member data adequately or that we are subject to attacks that degrade or deny the ability of
members to access our solutions; expectations regarding our ability to timely and effectively scale and adapt existing
technology and network infrastructure to ensure that our solutions are accessible at all times with short or no perceptible
load times; our ability to maintain our rate of revenue growth and manage our expenses and investment plans; our ability to
accurately track our key metrics internally; members and customers curtailing or ceasing to use our solutions; our core value
of putting members ๏ฌrst, which may con๏ฌ‚ict with the short-term interests of the business; privacy and changes in regulations
in the United States, Europe, Asia and elsewhere, which could impact our ability to serve our members or curtail our
monetization efforts; litigation and regulatory issues; increasing competition; our ability to manage our growth; our
international operations; our ability to recruit and retain our employees; the application of US and international tax laws on
our tax structure and any changes to such tax laws; acquisitions we have made or may make in the future; and the dual class
structure of our common stock.
Further information on these and other factors that could affect the companyโ€™s ๏ฌnancial results is included in ๏ฌlings it makes
with the Securities and Exchange Commission from time to time, including the section entitled โ€œRisk Factorsโ€ in the
companyโ€™s Annual Report on Form 10-K for the year ended December 31, 2013, and additional information will also be set
forth in our Form 10-Q that will be ๏ฌled for the quarter ended Marchย 31, 2014, which should be read in conjunction with
these ๏ฌnancial results. These documents are or will be available on the SEC Filings section of the Investor Relations page of
the company's website at http://investors.linkedin.com/. All information provided in this presentation is as of Mayย 1, 2014,
and LinkedIn undertakes no duty to update this information.
Who we are
4
Connect the worldโ€™s professionals
to make them more productive
and successful
Our mission
5
Create economic opportunity for
every member of the global
workforce
Our vision
6
What we do
7
Our member value propositions
Professional Identity
Be the professional
pro๏ฌle of record
Network
Connect all of the
world's professionals
Knowledge
Be the de๏ฌnitive professional
publishing platform
8
Growing global network
300M
Members worldwide
>2 New
Members per second
186M
Monthly unique visitors
1 As of 4/18/2014 based on internal estimates | 2 Average monthly number of unique visitors for Q1โ€™14 according to comScore using
LinkedIn + SlideShare
1 2 3
9
Hire
Power 50% of the
worldโ€™s hires
Market
Be the most effective
platform with marketers
to engage with
Sell
Be the start of every
sales opportunity
Our customer value propositions
10
Our operating priorities
Talent
Build a world
class team
Technology
Create data driven
development at scale
Product
Develop products
our members love
Monetization
Scale pro๏ฌtable
business lines
11
Key metrics and results
12
Engagement metricsQ1โ€™11
Q2โ€™11
Q3โ€™11
Q4โ€™11
Q1โ€™12
Q2โ€™12
Q3โ€™12
Q4โ€™12
Q1โ€™13
Q2โ€™13
Q3โ€™13
Q4โ€™13
Q1โ€™14
296
277
259
238
218
202
187
174
161
145
131
116
102
Members (mn)
Q1โ€™11
Q2โ€™11
Q3โ€™11
Q4โ€™11
Q1โ€™12
Q2โ€™12
Q3โ€™12
Q4โ€™12
Q1โ€™13
Q2โ€™13
Q3โ€™13
Q4โ€™13
Q1โ€™14
142
139
142143
132
116
110
106
103
92
88
82
75
Unique visitors, comScore (mn)
Q1โ€™11
Q2โ€™11
Q3โ€™11
Q4โ€™11
Q1โ€™12
Q2โ€™12
Q3โ€™12
Q4โ€™12
Q1โ€™13
Q2โ€™13
Q3โ€™13
Q4โ€™13
Q1โ€™14
11.5
10.6
11.611.7
11.1
9.8
8.9
9.39.4
7.67.6
7.17.1
Page views, comScore (bn)
1 As of 3/31/14 based on internal metrics | 2 comScore metrics re๏ฌ‚ect LinkedIn.com desktop traf๏ฌc only, not including
SlideShare and mobile traf๏ฌc 13
2 21
Revenue
Q1โ€™10
Q2โ€™10
Q3โ€™10
Q4โ€™10
Q1โ€™11
Q2โ€™11
Q3โ€™11
Q4โ€™11
Q1โ€™12
Q2โ€™12
Q3โ€™12
Q4โ€™12
Q1โ€™13
Q2โ€™13
Q3โ€™13
Q4โ€™13
Q1โ€™14
$473
$447
$393
$364
$325
$304
$252
$228
$188
$168
$139
$121
$94
$82
$62$55$45
% Y/YNet revenue ($mn)
0%
20%
40%
60%
80%
100%
120%
140%
14
160%
Revenue by product
Q1โ€™10
Q2โ€™10
Q3โ€™10
Q4โ€™10
Q1โ€™11
Q2โ€™11
Q3โ€™11
Q4โ€™11
Q1โ€™12
Q2โ€™12
Q3โ€™12
Q4โ€™12
Q1โ€™13
Q2โ€™13
Q3โ€™13
Q4โ€™13
Q1โ€™14
Talent Solutions Marketing Solutions Premium Subscriptions
38%
32%
30%
40%
33%
27%
44%
30%
25%
44%
34%
22%
49%
29%
21%
48%
32%
20%
51%
29%
20%
51%
30%
20%
54%
25%
20%
53%
28%
19%
55%
25%
20%
53%
27%
20%
57%
23%
20%
56%
24%
20%
57%
23%
20%
$45 $55 $62
$82
$94
$121
$139
$168
$188
$228
$252
$304
$325
$364
$393
15
55%
25%
20%
$447
58%
22%
20%
$473
Revenue by geography
Q1โ€™10
Q2โ€™10
Q3โ€™10
Q4โ€™10
Q1โ€™11
Q2โ€™11
Q3โ€™11
Q4โ€™11
Q1โ€™12
Q2โ€™12
Q3โ€™12
Q4โ€™12
Q1โ€™13
Q2โ€™13
Q3โ€™13
Q4โ€™13
Q1โ€™14
US EMEA APAC Other Americas
73%
20%
73%
20%
74%
18%
71%
20%
69%
21%
68%
21%
5%
67%
21%
6%
67%
21%
6%
64%
23%
7%
65%
22%
7%
64%
22%
7%
62%
23%
8%
62%
23%
7%
62%
23%
8%
62%
23%
8%
$45 $55 $62
$82
$94
$121
$139
$168
$188
$228
$252
$304
$325
$364
$393
5%
5%
5%
6%
6%
6%
7%
7%
7%
7%
7%
7%
16
61%
24%
8%
$447
7%
$473
60%
25%
8%
7%
Revenue by channel
Q1โ€™10
Q2โ€™10
Q3โ€™10
Q4โ€™10
Q1โ€™11
Q2โ€™11
Q3โ€™11
Q4โ€™11
Q1โ€™12
Q2โ€™12
Q3โ€™12
Q4โ€™12
Q1โ€™13
Q2โ€™13
Q3โ€™13
Q4โ€™13
Q1โ€™14
Field Online
53%
47%
55%
45%
54%
46%
59%
41%
54%
46%
55%
45%
53%
47%
57%
43%
54%
46%
57%
43%
57%
43%
59%
41%
57%
43%
58%
42%
58%
42%
$45
$55 $62
$82
$94
$121
$139
$168
$188
$228
$252
$304
$325
$364
$393
17
61%
39%
$447
58%
42%
$473
Adjusted EBITDA
Q1โ€™10
Q2โ€™10
Q3โ€™10
Q4โ€™10
Q1โ€™11
Q2โ€™11
Q3โ€™11
Q4โ€™11
Q1โ€™12
Q2โ€™12
Q3โ€™12
Q4โ€™12
Q1โ€™13
Q2โ€™13
Q3โ€™13
Q4โ€™13
Q1โ€™14
$117
$111
$93
$89
$83
$79
$56
$50
$38
$34
$25$26
$13
$16
$11$11$9
% of revenueAdj EBITDA ($mn)
0%
10%
20%
30%
18
1 Adjusted EBITDA is a Non-GAAP ๏ฌnancial measure. For a reconciliation of Adjusted EBITDA to net income please see slide 21.
The presentation of this ๏ฌnancial information is not intended to be considered in isolation or as a substitute for, or superior to, the ๏ฌnancial information
prepared and presented in accordance with GAAP
1
Net income (loss) & cash ๏ฌ‚ow
Q1 2014 Q4 2013 Q1 2013
GAAP net income (loss) ($13.4) $3.8 $22.6
Non-GAAP net income $47 $48 $52
GAAP EPS ($0.11) $0.03 $0.20
Non-GAAP EPS $0.38 $0.39 $0.45
Operating cash ๏ฌ‚ow $129 $82 $104
Free cash ๏ฌ‚ow $40 $25 $60
Cash, cash equivalents &
marketable securities
$2,306 $2,329 $830
1 In $ millions | 2 Attributable to common stockholders | 3 EPS is based on fully-diluted weighted share count |
4 Free cash ๏ฌ‚ow is calculated by subtracting purchases of property and equipment from operating cash ๏ฌ‚ow 19
4
3
3
,
1
1
1
1
1
2,
Non-GAAP reconciliations
1
Three months Three months
ended mar 31 ended mar 31
2014 2013
Non-GAAP net income and net income per share
GAAP net income (loss) attributable to common stockholders ($13,445) $22,616
Add back: accretion of redeemable noncontrolling interest 126 --
Add back: stock-based compensation 67,769 33,939
Add back: amortization of intangibles 4,813 2,841
Income tax effect of non-GAAP adj. (11,914) (6,995)
Non-GAAP NET INCOME $47,349 $52,401
GAAP diluted shares 120,967 115,398
Add back: dilutive shares under the treasury stock method 3,884 --
NON-GAAP diluted shares 124,851 115,398
NON-GAAP DILUTED NET INCOME PER SHARE $0.38 $0.45
Adjusted EBITDA
GAAP net income ($13,319) $22,616
Provision for income taxes 13,581 718
Other (income) expense, net (1,026) 308
Depreciation and amortization 49,740 25,806
Stock-based compensation 67,769 33,939
ADJUSTED EBITDA $116,745 $83,387
201 In thousands, except per share data
Non-GAAP adjusted EBITDA reconciliation
(In millions) (Unaudited)
Q1โ€™10 Q2โ€™10 Q3โ€™10 Q4โ€™10 Q1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14
GAAP net income
(loss)
$1.8 $4.3 $4.0 $5.3 $2.1 $4.5 ($1.6) $6.9 $5.0 $2.8 $2.3 $11.5 $22.6 $3.7 ($3.4) $3.8 ($13.3)
Provision (bene๏ฌt)
for income taxes
1.0 0.7 0.5 1.4 (0.3) 5.4 4.4 1.5 5.8 10.0 4.4 15.2 0.7 4.1 8.2 9.5 13.6
Other (income)
expense, net
0.3 0.4 (0.4) 0.3 (0.4) 0.0 1.8 1.6 (0.2) 0.7 (0.7) 0.0 0.3 0.3 (0.2) (1.8) (1.0)
Depreciation and
amortization
3.9 4.2 4.8 6.6 8.2 9.6 11.6 13.8 14.9 17.5 23.1 24.3 25.8 32.2 33.8 42.8 49.7
Stock-based
compensation
1.9 2.0 2.2 2.7 3.8 6.8 8.5 10.6 12.6 19.3 26.8 27.6 33.9 48.4 54.4 57.2 67.8
Adjusted EBITDA $9.1 $11.5 $11.1 $16.3 $13.3 $26.3 $24.7 $34.4 $38.1 $50.4 $56.0 $78.6 $83.4 $88.6 $92.8 $111.4 $116.7
21
1 Adjusted EBITDA is a Non-GAAP ๏ฌnancial measure. The presentation of this ๏ฌnancial information is not intended to be considered in isolation or as a
substitute for, or superior to, the ๏ฌnancial information prepared and presented in accordance with GAAP
1
Guidance
Q2 2014 FY 2014
Revenue $500-505 $2,060-2,080
Adjusted EBITDA $118-120 $505-510
Depreciation & amortization ~$53 ~$225
Stock-based compensation ~$75 ~$305
22
1
1 All guidance figures are approximate values | 2 Values are in $ millions
, 2
Thank you
23
ยฉ2014 LinkedIn Corporation. All Rights Reserved.

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LinkedIn Q1 2014 Earnings Call

  • 1.
  • 3. Safe harbor 3 โ€œSafe Harborโ€ statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward- looking statements about our products, including our investments in products, technology and other key strategic areas, certain non-๏ฌnancial metrics, such as customer and member growth and engagement, and our expected ๏ฌnancial metrics such as revenue, adjusted EBITDA, depreciation and amortization and stock-based compensation for the second quarter of 2014 and the full ๏ฌscal year 2014. The achievement of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any of these risks or uncertainties materialize or if any of the assumptions prove incorrect, the companyโ€™s results could 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: our limited operating history in a new and unproven market; engagement of our members; the price volatility of our Class A common stock; general economic conditions; expectations regarding the return on our strategic investments; execution of our plans and strategies, including with respect to mobile products and features; security measures and the risk that they may not be suf๏ฌcient to secure our member data adequately or that we are subject to attacks that degrade or deny the ability of members to access our solutions; expectations regarding our ability to timely and effectively scale and adapt existing technology and network infrastructure to ensure that our solutions are accessible at all times with short or no perceptible load times; our ability to maintain our rate of revenue growth and manage our expenses and investment plans; our ability to accurately track our key metrics internally; members and customers curtailing or ceasing to use our solutions; our core value of putting members ๏ฌrst, which may con๏ฌ‚ict with the short-term interests of the business; privacy and changes in regulations in the United States, Europe, Asia and elsewhere, which could impact our ability to serve our members or curtail our monetization efforts; litigation and regulatory issues; increasing competition; our ability to manage our growth; our international operations; our ability to recruit and retain our employees; the application of US and international tax laws on our tax structure and any changes to such tax laws; acquisitions we have made or may make in the future; and the dual class structure of our common stock. Further information on these and other factors that could affect the companyโ€™s ๏ฌnancial results is included in ๏ฌlings it makes with the Securities and Exchange Commission from time to time, including the section entitled โ€œRisk Factorsโ€ in the companyโ€™s Annual Report on Form 10-K for the year ended December 31, 2013, and additional information will also be set forth in our Form 10-Q that will be ๏ฌled for the quarter ended Marchย 31, 2014, which should be read in conjunction with these ๏ฌnancial results. These documents are or will be available on the SEC Filings section of the Investor Relations page of the company's website at http://investors.linkedin.com/. All information provided in this presentation is as of Mayย 1, 2014, and LinkedIn undertakes no duty to update this information.
  • 5. Connect the worldโ€™s professionals to make them more productive and successful Our mission 5
  • 6. Create economic opportunity for every member of the global workforce Our vision 6
  • 8. Our member value propositions Professional Identity Be the professional pro๏ฌle of record Network Connect all of the world's professionals Knowledge Be the de๏ฌnitive professional publishing platform 8
  • 9. Growing global network 300M Members worldwide >2 New Members per second 186M Monthly unique visitors 1 As of 4/18/2014 based on internal estimates | 2 Average monthly number of unique visitors for Q1โ€™14 according to comScore using LinkedIn + SlideShare 1 2 3 9
  • 10. Hire Power 50% of the worldโ€™s hires Market Be the most effective platform with marketers to engage with Sell Be the start of every sales opportunity Our customer value propositions 10
  • 11. Our operating priorities Talent Build a world class team Technology Create data driven development at scale Product Develop products our members love Monetization Scale pro๏ฌtable business lines 11
  • 12. Key metrics and results 12
  • 13. Engagement metricsQ1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14 296 277 259 238 218 202 187 174 161 145 131 116 102 Members (mn) Q1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14 142 139 142143 132 116 110 106 103 92 88 82 75 Unique visitors, comScore (mn) Q1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14 11.5 10.6 11.611.7 11.1 9.8 8.9 9.39.4 7.67.6 7.17.1 Page views, comScore (bn) 1 As of 3/31/14 based on internal metrics | 2 comScore metrics re๏ฌ‚ect LinkedIn.com desktop traf๏ฌc only, not including SlideShare and mobile traf๏ฌc 13 2 21
  • 15. Revenue by product Q1โ€™10 Q2โ€™10 Q3โ€™10 Q4โ€™10 Q1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14 Talent Solutions Marketing Solutions Premium Subscriptions 38% 32% 30% 40% 33% 27% 44% 30% 25% 44% 34% 22% 49% 29% 21% 48% 32% 20% 51% 29% 20% 51% 30% 20% 54% 25% 20% 53% 28% 19% 55% 25% 20% 53% 27% 20% 57% 23% 20% 56% 24% 20% 57% 23% 20% $45 $55 $62 $82 $94 $121 $139 $168 $188 $228 $252 $304 $325 $364 $393 15 55% 25% 20% $447 58% 22% 20% $473
  • 16. Revenue by geography Q1โ€™10 Q2โ€™10 Q3โ€™10 Q4โ€™10 Q1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14 US EMEA APAC Other Americas 73% 20% 73% 20% 74% 18% 71% 20% 69% 21% 68% 21% 5% 67% 21% 6% 67% 21% 6% 64% 23% 7% 65% 22% 7% 64% 22% 7% 62% 23% 8% 62% 23% 7% 62% 23% 8% 62% 23% 8% $45 $55 $62 $82 $94 $121 $139 $168 $188 $228 $252 $304 $325 $364 $393 5% 5% 5% 6% 6% 6% 7% 7% 7% 7% 7% 7% 16 61% 24% 8% $447 7% $473 60% 25% 8% 7%
  • 17. Revenue by channel Q1โ€™10 Q2โ€™10 Q3โ€™10 Q4โ€™10 Q1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14 Field Online 53% 47% 55% 45% 54% 46% 59% 41% 54% 46% 55% 45% 53% 47% 57% 43% 54% 46% 57% 43% 57% 43% 59% 41% 57% 43% 58% 42% 58% 42% $45 $55 $62 $82 $94 $121 $139 $168 $188 $228 $252 $304 $325 $364 $393 17 61% 39% $447 58% 42% $473
  • 18. Adjusted EBITDA Q1โ€™10 Q2โ€™10 Q3โ€™10 Q4โ€™10 Q1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14 $117 $111 $93 $89 $83 $79 $56 $50 $38 $34 $25$26 $13 $16 $11$11$9 % of revenueAdj EBITDA ($mn) 0% 10% 20% 30% 18 1 Adjusted EBITDA is a Non-GAAP ๏ฌnancial measure. For a reconciliation of Adjusted EBITDA to net income please see slide 21. The presentation of this ๏ฌnancial information is not intended to be considered in isolation or as a substitute for, or superior to, the ๏ฌnancial information prepared and presented in accordance with GAAP 1
  • 19. Net income (loss) & cash ๏ฌ‚ow Q1 2014 Q4 2013 Q1 2013 GAAP net income (loss) ($13.4) $3.8 $22.6 Non-GAAP net income $47 $48 $52 GAAP EPS ($0.11) $0.03 $0.20 Non-GAAP EPS $0.38 $0.39 $0.45 Operating cash ๏ฌ‚ow $129 $82 $104 Free cash ๏ฌ‚ow $40 $25 $60 Cash, cash equivalents & marketable securities $2,306 $2,329 $830 1 In $ millions | 2 Attributable to common stockholders | 3 EPS is based on fully-diluted weighted share count | 4 Free cash ๏ฌ‚ow is calculated by subtracting purchases of property and equipment from operating cash ๏ฌ‚ow 19 4 3 3 , 1 1 1 1 1 2,
  • 20. Non-GAAP reconciliations 1 Three months Three months ended mar 31 ended mar 31 2014 2013 Non-GAAP net income and net income per share GAAP net income (loss) attributable to common stockholders ($13,445) $22,616 Add back: accretion of redeemable noncontrolling interest 126 -- Add back: stock-based compensation 67,769 33,939 Add back: amortization of intangibles 4,813 2,841 Income tax effect of non-GAAP adj. (11,914) (6,995) Non-GAAP NET INCOME $47,349 $52,401 GAAP diluted shares 120,967 115,398 Add back: dilutive shares under the treasury stock method 3,884 -- NON-GAAP diluted shares 124,851 115,398 NON-GAAP DILUTED NET INCOME PER SHARE $0.38 $0.45 Adjusted EBITDA GAAP net income ($13,319) $22,616 Provision for income taxes 13,581 718 Other (income) expense, net (1,026) 308 Depreciation and amortization 49,740 25,806 Stock-based compensation 67,769 33,939 ADJUSTED EBITDA $116,745 $83,387 201 In thousands, except per share data
  • 21. Non-GAAP adjusted EBITDA reconciliation (In millions) (Unaudited) Q1โ€™10 Q2โ€™10 Q3โ€™10 Q4โ€™10 Q1โ€™11 Q2โ€™11 Q3โ€™11 Q4โ€™11 Q1โ€™12 Q2โ€™12 Q3โ€™12 Q4โ€™12 Q1โ€™13 Q2โ€™13 Q3โ€™13 Q4โ€™13 Q1โ€™14 GAAP net income (loss) $1.8 $4.3 $4.0 $5.3 $2.1 $4.5 ($1.6) $6.9 $5.0 $2.8 $2.3 $11.5 $22.6 $3.7 ($3.4) $3.8 ($13.3) Provision (bene๏ฌt) for income taxes 1.0 0.7 0.5 1.4 (0.3) 5.4 4.4 1.5 5.8 10.0 4.4 15.2 0.7 4.1 8.2 9.5 13.6 Other (income) expense, net 0.3 0.4 (0.4) 0.3 (0.4) 0.0 1.8 1.6 (0.2) 0.7 (0.7) 0.0 0.3 0.3 (0.2) (1.8) (1.0) Depreciation and amortization 3.9 4.2 4.8 6.6 8.2 9.6 11.6 13.8 14.9 17.5 23.1 24.3 25.8 32.2 33.8 42.8 49.7 Stock-based compensation 1.9 2.0 2.2 2.7 3.8 6.8 8.5 10.6 12.6 19.3 26.8 27.6 33.9 48.4 54.4 57.2 67.8 Adjusted EBITDA $9.1 $11.5 $11.1 $16.3 $13.3 $26.3 $24.7 $34.4 $38.1 $50.4 $56.0 $78.6 $83.4 $88.6 $92.8 $111.4 $116.7 21 1 Adjusted EBITDA is a Non-GAAP ๏ฌnancial measure. The presentation of this ๏ฌnancial information is not intended to be considered in isolation or as a substitute for, or superior to, the ๏ฌnancial information prepared and presented in accordance with GAAP 1
  • 22. Guidance Q2 2014 FY 2014 Revenue $500-505 $2,060-2,080 Adjusted EBITDA $118-120 $505-510 Depreciation & amortization ~$53 ~$225 Stock-based compensation ~$75 ~$305 22 1 1 All guidance figures are approximate values | 2 Values are in $ millions , 2
  • 24. ยฉ2014 LinkedIn Corporation. All Rights Reserved.