LinkedIn Business Highlights from Microsoft’s Q3 FY24 Earnings

Today, Microsoft announced Q3 FY24 Earnings. Included in the report on the financial performance were the following LinkedIn highlights:

  • In Q3, LinkedIn’s revenue increased 10% year-over-year (9% in constant currency).
  • We continue to combine our unique data with this new generation of AI to transform the way members learn, sell, and get hired. 
  • Features like LinkedIn AI-assisted messages are seeing a 40% higher acceptance rate and are accepted over 10% faster by job seekers, saving hirers time and making it easier to connect them to candidates.  
  • Our AI-powered collaborative articles, which have reached over 12 million contributions, are helping increase engagement on the platform, which reached a new record this quarter. 
  • New AI features are also helping accelerate LinkedIn Premium growth, with revenue up 29% year-over-year. 
  • And we are also seeing strength across our other businesses, with hiring taking share for the seventh consecutive quarter.

You can see LinkedIn’s quarterly product highlights, releases and enhancements in the Q3 FY24 product list here. For more information, see the Q3 FY24 earnings release here.