Editor’s Note: We’d like to share with you the announcement related to our 2013 first quarter earnings. We’ll also be providing live updates from the earnings call on StockTwits starting at 2pm Pacific Time today.

Today, we reported our financial results for the first quarter of 2013. We had a strong quarter with member engagement and financial results reaching record levels.

Here are the highlights:

  • Revenue for the first quarter was $324.7 million, an increase of 72% compared to $188.5 million in the first quarter of 2012.
  • Net income for the first quarter was $22.6 million, compared to net income of $5.0 million for the first quarter of 2012.  Non-GAAP net income for the first quarter was $52.4 million, compared to $16.9 million for the first quarter of 2012. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets.
  • Adjusted EBITDA for the first quarter was $83.4 million, or 26% of revenue, compared to $38.1 million for the first quarter of 2012, or 20% of revenue.
  • GAAP diluted EPS for the first quarter was $0.20; Non-GAAP diluted EPS for the first quarter was $0.45.

We remain focused on delivering great products that increasingly make LinkedIn the essential daily resource for global professionals.

  • Talent Solutions: Revenue from Talent Solutions products totaled $184.3 million, an increase of 80% compared to the first quarter of 2012. Talent Solutions revenue represented 57% of total revenue in the first quarter of 2013, compared to 54% in the first quarter of 2012.
  • Marketing Solutions: Revenue from Marketing Solutions products totaled $74.8 million, an increase of 56% compared to the first quarter of 2012. Marketing Solutions revenue represented 23% of total revenue in the first quarter 2013, compared to 25% in the first quarter of 2012.
  • Premium Subscriptions: Revenue from Premium Subscriptions products totaled $65.6 million, an increase of 73% compared to the first quarter of 2012. Premium Subscriptions represented 20% of total revenue in the first quarter of 2013, consistent with the first quarter of 2012.

I highly encourage you to review associated materials, including our GAAP and non-GAAP reconciliation. [1]

I will co-host a webcast/conference call with our CEO Jeff Weiner to discuss our financial results for the first quarter of 2013 and business outlook today at 2:00PM Pacific Time.

See slides below.

[1] Safe Harbor Statement

This post contains non-GAAP financials measures relating to the company’s performance. You can find the reconciliation of those measures to the nearest comparable GAAP measures and additional details regarding the use of non-GAAP measures at http://investors.linkedin.com/.

This post also contains forward-looking statements about our products, including our investments in products, technology and other key strategic areas, certain non-financial metrics, such as member growth and engagement, and our expected financial metrics such as revenue, adjusted EBITDA, depreciation and amortization and stock-based compensation for the second quarter of 2013 and the full fiscal year 2013. The achievement of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions.  If any of these risks or uncertainties materialize or if any of the assumptions prove incorrect, the company’s results could differ materially from the results expressed or implied by the forward-looking statements the company makes.

If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the company’s results could differ materially from the results expressed or implied by the forward-looking statements the company makes. Please also see our full disclaimer regarding this information.