PYMNTS.com March 7, 2024
LinkedIn’s premium subscription segment reportedly earned $1.7 billion in revenue in 2023.
During the same year, the social networking platform for professionals saw a 25% leap in the number of premium subscribers, Reuters reported Thursday (March 7), citing its interview with LinkedIn Chief Operating Officer Dan Shapero.
LinkedIn, which was acquired by Microsoft in 2016, amassed a total of $15 billion in fiscal 2023, with $7 billion of that total originating from its hiring software designed for corporate recruiters, according to the report.
The notable uptick in the company’s premium subscription service, which starts at $39.99 per month, was driven in part by the integration of members-only features that include artificial intelligence (AI) tools aimed at enriching user...
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