LinkedIn Business Highlights from Microsoft’s FY24 Q1 Earnings

Today, Microsoft announced Q1 FY24 Earnings. Included in the report on the financial performance were the following LinkedIn highlights:

  • In Q1, LinkedIn’s revenue increased 8% year-over-year (8% in constant currency).
  • We’re applying the new generation of AI to transform how our 985 million members learn, sell, and get hired. 
  • Membership growth has now accelerated each quarter for over two years in a row. 
  • This quarter, we introduced new AI-driven features across all of our businesses, including a learning coach that gives members personalized content guidance, and tools to help employers find qualified candidates, and sellers and marketers attract buyers in a single step. 
  • Since introducing AI-assisted messages for recruiters five months ago, three-fourths of them say it saves them time. And we have seen a nearly 80% increase in members watching AI-related learning courses this quarter. 
  • More broadly, we continue to see record engagement and knowledge-sharing on the platform. 
  • We now have more than 450 million newsletter subscriptions globally, up 3X year over year. 
  • Premium subscription sign-ups were up 55% year-over-year. And our hiring business took share for the fifth consecutive quarter. 

You can see LinkedIn’s quarterly product highlights, releases and enhancements in the Q1 FY24 product list here. For more information, see the Q1 FY24 earnings release here.