![]() ![]() Officials insist this slow integration is by design and that their first concern has been to grow the LinkedIn user base.Ī big part of the reason LinkedIn's numbers look really strong this quarter is because the COVID-19 pandemic-caused sluggishness in job creation, job advertisement and recruiting has been waning in recent months, officials said. Microsoft has only taken initial steps to moved LinkedIn over to being hosted on Azure, rather than on its own servers. As a result of the merger, LinkedIn will become a wholly owned subsidiary of Microsoft, and our Class A common stock will no longer be publicly traded and will. Since then, the company has only integrated LinkedIn's products and services very limitedly with existing Microsoft ones. Microsoft bought LinkedIn in 2016 for $26.2 billion. Microsoft doesn't disclose exact LinkedIn revenues or profits/losses, but officials did say the LinkedIn advertising business did surpass $1 billion this quarter for the first time. The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. Today, July 27, Microsoft added a third $10 billion business to that list: LinkedIn.Īs part of its Q4 FY21 earnings announcement, Microsoft officials said revenues from its LinkedIn subsidiary were up 46 percent compared to the year-ago quarter, driven by strong advertising demand in Marketing Solutions, to the tune of 97 percent growth, year-over-year. LinkedIn ( / lktn /) is a business and employment-focused social media platform that works through websites and mobile apps. Over the past three years, Microsoft has turned security and gaming into $10 billion annual businesses for the company. ![]()
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