LinkedIn Business Highlights from Microsoft’s FY22 Q2 Earnings
Yesterday, Microsoft announced Q2 FY22 Earnings. Included in the report on the financial performance were the following LinkedIn highlights:
In Q2, LinkedIn’s revenue increased 37% year-over-year (36% in constant currency), with continued strength in Marketing Solutions, which grew 43% year-over-year, as well as better-than-expected performance in Talent Solutions from the strong job market.
We are experiencing a Great Reshuffle across the labor market as more people, in more places than ever, rethink how, where, and why they work.
In this new economy, LinkedIn has become mission critical to connect creators with their communities, job seekers with employers, learners with skills, and sellers with buyers.
Last quarter, we once again saw record engagement. LinkedIn has also become one of the largest platforms for professional events in the world, with more than 24,000 events created and 1.5 million RSVPs each week.
Confirmed hires were up more than 110% year over year, and we added tools to make it easier to discover open roles that align with how and where people want to work.
With entrepreneurship on the rise, our new Services Marketplace has helped nearly 3 million freelancers and small businesses discover new clients.
We also saw strong growth in LinkedIn Sales Solutions, which surpassed $1 billion in revenue over the past 12 months for the first time. Our Sales, Talent, Marketing, and Premium Subscriptions lines of business have now all reached this milestone.
You can see comments from LinkedIn’s VP of Global Sales Solutions, Alyssa Merwin, on the $1 billion milestone, here.