Q4’14 Results

February 2015

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.    

Member value metricsQ

1’12

Q2’

12

Q3’

12

Q4’

12

Q1’

13

Q2’

13

Q3’

13

Q4’

13

Q1’

14

Q2’

14

Q3'

14

Q4'

14

347332

313

296

277

259

238

218

202187

174161

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

9390

8482

7678

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

222221

18

15

131211

Member page views (bn)

1 as of quarter end | 2 monthly average during the quarter | 3 total during the quarter 3

1 2 3

HirePower the world’s hires

MarketBe the most effective

platform with marketers to engage with

SellBe the start of every

sales opportunity

Our customer value propositions

4

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

Adjusted EBITDAQ

1’11

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%

61 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

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

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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