10/27/2021 | Press release | Distributed by Public on 10/27/2021 12:40
Yesterday, Microsoft announced Q1 FY22 Earnings. Included in the report on the financial performance were the following LinkedIn highlights:
In Q1 FY22, LinkedIn's revenue was up 42% year-over-year (39% in constant currency).
We're experiencing a Great Reshuffle across the global labor market as people are rethinking not only where and how they work, but why. With more people changing jobs than ever before, we saw record engagement as nearly 800 million members turned to LinkedIn to connect, learn, grow, and get hired.
Confirmed hires on the platform also increased more than 160% year over year, and this quarter we launched new ways to help job seekers discover roles that align with how they want to work.
In this rapidly evolving labor market, companies are increasingly turning to LinkedIn Learning to upskill and reskill their employees. We now have more than 15,000 enterprise customers, and we are expanding our opportunity in the creator economy, including offering new ways for LinkedIn Learning instructors to build their audiences and connect with learners live.
Businesses continue to choose LinkedIn as the trusted way to reach professionals, with our advertising revenue up 61% year over year.