LinkedIn Business Highlights from Microsoft’s FY21 Q3 Earnings
Yesterday, Microsoft announced Q3 FY21 Earnings. Included in the report on the financial performance were the following LinkedIn highlights:
In Q3 FY21, LinkedIn revenue increased 25% year-over-year.
We saw record engagement again this quarter as LinkedIn’s 756 million professionals looked to connect, learn, create content, and find jobs.
Conversations increased 43%, content shared was up 29%, and hours on LinkedIn Learning increased 80%.
LinkedIn Marketing Solutions revenue was up more than 60% year over year. And over the past 12 months, LinkedIn’s advertising business has surpassed $3 billion in revenue; it is growing nearly three times faster than the B2B digital advertising market overall.
LinkedIn Talent Solutions annual contracts and job postings also improved with the job market.
We are helping creators use LinkedIn to expand their economic opportunity. Thousands of expert instructors are monetizing their content on LinkedIn Learning, freelancers can now attract clients with dedicated pages, and, with Creator mode, members can build a following and engage communities.
In a world facing a growing skills gap, we are also helping employers create feedback loops between skills, learning, credentials, and jobs. 60% of the Fortune 500 use LinkedIn Learning to skill and upskill their employees.
Nationwide Insurance, for example, is using LinkedIn Learning to provide personalized learning curriculum to 26,000 associates. New tools also bring together courses with Skills Assessments, helping companies, like BlackRock, Gap Inc., and TaskRabbit, source job candidates based on proven proficiencies.