LinkedIn Business Highlights from Microsoft’s FY23 Q3 Earnings
Today, Microsoft announced Q3 FY23 Earnings. Included in the report on the financial performance were the following LinkedIn highlights:
In Q3, LinkedIn’s revenue increased 8% year-over-year (10% in constant currency).
We once again saw record engagement, as more than 930 million members turned to the professional social network to connect, learn, sell, and get hired.
Member growth accelerated for the seventh consecutive quarter, as we expanded to new audiences.
We now have 100 million members in India, up 19%. And as Gen Z enters the workforce, we saw a 73% year-over-year increase in the number of student sign ups.
In this persistently tight labor market, LinkedIn Talent Solutions continues to help hirers connect to job seekers and professionals to build the skills they need to access opportunity. Our hiring business took share for the third consecutive quarter.
The excitement around AI is creating new opportunities across every function, from marketing, sales, and finance, to software development, and security. LinkedIn is increasingly where people are going to learn, discuss, and uplevel their skills, with more than 100 AI courses. We also introduced new AI-powered features, including writing suggestions for member profiles and job descriptions, and collaborative articles.
Finally, LinkedIn Marketing Solutions continues to be a leader in B2B digital advertising, helping companies deliver the right message, to the right audience, on a safe and trusted platform.
You can see LinkedIn’s quarterly product highlights, releases and enhancements in the Q3 FY23 product list here. For more information, see the Q3 FY23 earnings release here.