Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q4 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.

1. Q4’14 Results
February 2015

2. Safe harbor
2
“Safe
Harbor”
statement
under
the
Private
Securi7es
Li7ga7on
Reform
Act
of
1995:
This
presenta7on
and
the
accompanying
conference
call
contain
forward-­‐looking
statements
about
our
products,
including
our
investments
in
products,
technology
and
other
key
strategic
areas,
certain
non-­‐financial
metrics,
such
as
customer
and
member
growth
and
engagement,
and
our
expected
financial
metrics
such
as
revenue,
adjusted
EBITDA,
non-­‐GAAP
EPS,
deprecia7on
and
amor7za7on,
stock-­‐based
compensa7on
and
fully-­‐diluted
weighted
shares
for
the
first
quarter
of
2015
and
the
full
fiscal
year
2015.
The
achievement
of
the
maUers
covered
by
such
forward-­‐looking
statements
involves
risks,
uncertain7es
and
assump7ons.
If
any
of
these
risks
or
uncertain7es
materialize
or
if
any
of
the
assump7ons
prove
incorrect,
the
company’s
results
could
differ
materially
from
the
results
expressed
or
implied
by
the
forward-­‐looking
statements
the
company
makes.
The
risks
and
uncertain7es
referred
to
above
include
-­‐
but
are
not
limited
to
-­‐
risks
associated
with:
our
limited
opera7ng
history
in
a
new
and
unproven
market;
engagement
of
our
members;
the
price
vola7lity
of
our
Class
A
common
stock;
general
economic
condi7ons;
expecta7ons
regarding
the
return
on
our
strategic
investments;
execu7on
of
our
plans
and
strategies,
including
with
respect
to
mobile
products
and
features;
security
measures
and
the
risk
that
they
may
not
be
sufficient
to
secure
our
member
data
adequately
or
that
we
are
subject
to
aUacks
that
degrade
or
deny
the
ability
of
members
to
access
our
solu7ons;
expecta7ons
regarding
our
ability
to
7mely
and
effec7vely
scale
and
adapt
exis7ng
technology
and
network
infrastructure
to
ensure
that
our
solu7ons
are
accessible
at
all
7mes
with
short
or
no
percep7ble
load
7mes;
our
ability
to
maintain
our
rate
of
revenue
growth
and
manage
our
expenses
and
investment
plans;
our
ability
to
accurately
track
our
key
metrics
internally;
members
and
customers
curtailing
or
ceasing
to
use
our
solu7ons;
our
core
value
of
pu[ng
members
first,
which
may
conflict
with
the
short-­‐term
interests
of
the
business;
privacy
and
changes
in
regula7ons,
which
could
impact
our
ability
to
serve
our
members
or
curtail
our
mone7za7on
efforts;
li7ga7on
and
regulatory
issues;
increasing
compe77on;
our
ability
to
manage
our
growth;
our
interna7onal
opera7ons;
our
ability
to
recruit
and
retain
our
employees;
the
applica7on
of
U.S.
and
interna7onal
tax
laws
on
our
tax
structure
and
any
changes
to
such
tax
laws;
acquisi7ons
we
have
made
or
may
make
in
the
future;
and
the
dual
class
structure
of
our
Class
A
common
stock.
Further
informa7on
on
these
and
other
factors
that
could
affect
the
company’s
financial
results
is
included
in
filings
it
makes
with
the
Securi7es
and
Exchange
Commission
from
7me
to
7me,
including
the
sec7on
en7tled
“Risk
Factors”
in
the
company’s
Annual
Report
on
Form
10-­‐K
for
the
year
ended
December
31,
2013,
as
well
as
the
company’s
most
recent
Quarterly
Report
on
Form
10-­‐Q
for
the
quarter
ended
September
30,
2014,
and
addi7onal
informa7on
will
also
be
set
forth
in
our
Form
10-­‐K
that
will
be
filed
for
the
year
ended
December
31,
2014,
which
should
be
read
in
conjunc7on
with
these
financial
results.
These
documents
are
or
will
be
available
on
the
SEC
Filings
sec7on
of
the
Investor
Rela7ons
page
of
the
company's
website
at
hUp://investors.linkedin.com/.
All
informa7on
provided
in
this
presenta7on
is
as
of
February
5,
2015,
and
LinkedIn
undertakes
no
duty
to
update
this
informa7on.

3. Member value metricsQ1’12
Q2’12
Q3’12
Q4’12
Q1’13
Q2’13
Q3’13
Q4’13
Q1’14
Q2’14
Q3'14
Q4'14
347
332
313
296
277
259
238
218
202
187
174
161
Members (mn)
Q1’12
Q2’12
Q3’12
Q4’12
Q1’13
Q2’13
Q3’13
Q4’13
Q1’14
Q2'14
Q3'14
Q4'14
93
90
84
82
76
78
75
65
58
525150
Unique visiting members (mn)
Q1’12
Q2’12
Q3’12
Q4’12
Q1’13
Q2’13
Q3’13
Q4’13
Q1’14
Q2'14
Q3'14
Q4'14
30
28
2526
2222
21
18
15
1312
11
Member page views (bn)
1 as of quarter end | 2 monthly average during the quarter | 3 total during the quarter 3
1 2 3

4. Hire
Power the world’s hires
Market
Be the most effective
platform with marketers to
engage with
Sell
Be the start of every
sales opportunity
Our customer value propositions
4

5. Revenue
Q1’11
Q2’11
Q3’11
Q4’11
Q1’12
Q2’12
Q3’12
Q4’12
Q1’13
Q2’13
Q3’13
Q4’13
Q1’14
Q2’14
Q3'14
Q4'14
$643
$568
$534
$473
$447
$393
$364
$325
$304
$252
$228
$188
$168
$139
$121
$94
% Y/YNet revenue ($mn)
0%
20%
40%
60%
80%
100%
120%
140%
160%
5

6. Adjusted EBITDA
Q1’11
Q2’11
Q3’11
Q4’11
Q1’12
Q2’12
Q3’12
Q4’12
Q1’13
Q2’13
Q3’13
Q4’13
Q1’14
Q2'14
Q3'14
Q4'14
$179
$151
$145
$117
$111
$93
$89
$83
$79
$56
$50
$38
$34
$25$26
$13
% of revenueAdj EBITDA ($mn)
0%
10%
20%
30%
6
1 Adjusted EBITDA is a Non-GAAP financial measure. For a reconciliation of Adjusted EBITDA to net income (loss) please see slide 8.
The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information
prepared and presented in accordance with GAAP
1

7. Guidance
Q1 2015 FY 2015
Revenue $618-622 $2,930-2,950
Adjusted EBITDA $152-154 $785
Non-Gaap EPS $0.53 $2.95
1
1 All guidance figures are approximate values | 2 Values are in $ millions except for non-GAAP EPS | 3 Q1’15 Adj EBITDA guidance assumes depreciation of
~$61m, amortization of ~$12m, and stock-based comp of ~$103m & FY15 Adj EBITDA guidance assumes depreciation of ~$270m, amortization of ~$45m, and
stock-based comp of ~$460m
, 2
7
3

8. Non-GAAP adjusted EBITDA reconciliation
(In millions) (Unaudited)
Q1’11 Q2’11 Q3’11 Q4’11 Q1’12 Q2’12 Q3’12 Q4’12 Q1’13 Q2’13 Q3’13 Q4’13 Q1’14 Q2’14 Q3’14 Q4’14
GAAP net income (loss) $2 $5 ($2) $7 $5 $3 $2 $12 $23 $4 ($3) $4 ($13) ($1) ($4) $3
Provision (benefit) for
income taxes (0) 5 4 2 6 10 4 15 1 4 8 9 14 16 13 4
Other (income) expense,
net (0) 0 2 2 (0) 1 (1) 0 0 0 (0) (2) (1) (1) 0 7
Depreciation and
amortization 8 10 12 14 15 18 23 24 26 32 34 43 50 56 60 71
Stock-based
compensation 4 7 8 11 13 19 27 28 34 48 54 57 68 75 83 94
Adjusted EBITDA $13 $26 $25 $34 $38 $50 $56 $79 $83 $89 $93 $111 $117 $145 $151 $179
1 Adjusted EBITDA is a Non-GAAP financial measure. The presentation of this financial information is not intended to be considered in isolation or as a
substitute for, or superior to, the financial information prepared and presented in accordance with GAAP
1
8

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