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LinkedIn posts net loss, cuts revenue forecasts for next quarter

  • Cutting its revenue forecasts, LinkedIn has said that it expects to make between $670 million and $675 million in the second quarter of 2015, less than the expected amount of $718 million.

    Meanwhile, the business social networking site has posted a net loss of $43 million for the first three months of 2015 compared to a loss of $13 million reported for the same period in 2014.

    But the firm’s first quarter revenue was up 35% to $638 million.

    Tagged as: LinkedIn revenue forecasts, second quarter, business social network, LinkedIn loss, business news