LinkedIn revenue crossed $10 bn for the first time

Professional networking platform LinkedIn has surpassed $10 billion in revenue for the first time this fiscal year (up 27 percent), Microsoft Chairman and CEO Satya Nadella said.
LinkedIn job IndiaMicrosoft’s Teams, the video chat and collaboration app, now has nearly 250 million monthly active users.

The Microsoft-owned LinkedIn now has more than 774 million members who are more engaged than ever.

Sessions were up 30 percent this quarter compared to a year ago. LinkedIn’s advertising business surpassed $1 billion in revenue this quarter for the first time, up 97 percent year-over-year and growing three times faster than the category.

Microsoft acquired LinkedIn in 2016 for $26.2 billion and in the past five years, revenue has nearly tripled and growth has accelerated.

Microsoft has nearly 80 million monthly active Teams Phones users with total calls surpassing 1 billion in a single month this quarter.

“We are bringing Teams to consumers so people can connect and collaborate with family and friends across desktop, mobile and the web. Nearly 124 organizations have more than 100,000 users of Teams. Nearly 3,000 have more than 10,000 users,” Nadella said.

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