LinkedIn Crashes After Giving Bad Guidance In Its Earnings Report

The market reaction is not good. The stock is plunging, falling 11% after hours.

While it delivered beats on the top and bottom line, its guidance for next quarter is lighter than expected.

• Revenue was $324.7 million versus analyst expectations of $317.08 million.
• EPS was $0.45 versus analyst expectations of $0.31.
• Q2 revenue guidance is $342-$347 million versus analyst estimates of $359.24 million.

Here are the company's earnings slides, and below this are the complete numbers versus consensus.

And here's LinkedIn's full results, which it just emailed to us:

LinkedIn Actual Q1 2013 Results:

• Revenue – $324.7 million, 72% year-over-year
• Adj EBITDA: $83.4 million (26% margin)
• GAAP EPS (Diluted): $0.20
• Non GAAP EPS (Diluted): $0.45

Q1 2013 Consensus:

• Revenue: $318 million (FactSet)
• Revenue: $317 million (First Call)
• Adjusted EBITDA: $70 million (FactSet) - 22% margin
• Adjusted EBITDA: $72 million (First Call) - 23% margin
• GAAP EPS: $0.10 (FactSet)
• GAAP EPS: $0.10 (First Call)
• Non GAAP EPS: $0.30 (FactSet)
• Non GAAP EPS: $0.31 (First Call)

Q1 2013 LinkedIn Guidance (given during Q4 2012 call):

• Revenue: $305-$310 million
• Adjusted EBITDA: $67-$69 million

Q2 2013 Guidance & Consensus

• LinkedIn Revenue Guidance: $342-347m - 50-52% year-over-year
• FactSet Revenue Consensus: $360m
• First Call Revenue Consensus: $359m
• LinkedIn EBITDA Guidance: $77-79m - 23% margin
• FactSet EBITDA Consensus: $85m
• First Call EBITDA Consensus: $85m

FY2013 Guidance & Consensus:

• LinkedIn Revenue Guidance: $1.43b-1.46b - 47-50% year-over-year (up $20m from previous guidance of $1.41-$1.44b given in February)
• FactSet Revenue Consensus: $1497m
• First Call Revenue Consensus: $1495m
• LinkedIn EBITDA Guidance: $330-345m - 23% margins (up $15m from previous guidance of $315-330m given in February)
• FactSet EBITDA Consensus: $363m
• First Call EBITDA Consensus: $358m