LinkedIn offers soft guidance, buys online jobs startup for $120M

|About: LinkedIn (LNKD)|By:, SA News Editor

Though LinkedIn (LNKD) once again beat estimates, the company is guiding for Q1 revenue of $455M-$460M and 2014 revenue of $2.02B-$2.05B, below consensus forecasts of $470.3M and $2.16B. Adjusted EBITDA is expected to total $106M-$108M in Q1, and to grow to $490M in 2014 from a 2013 level of $111.4M.

In tandem with its results, LinkedIn has announced it's acquiring Bright, provider of a job search engine/listing platform that leverages proprietary analytics technology to help employers find and screen candidates. The purchase price is $120M (73% stock, 27% cash).

LinkedIn says it will use Bright's "data-driven matching technology, machine-learning algorithms and domain expertise" to help build out its own "economic graph" of workers and job opportunities (previous).

LinkedIn's Talent Solutions (jobs) growth moderated a bit in Q4, rising 53% Y/Y vs. 62% in Q3. Likewise, subscription revenue growth fell to 48% vs. 61% in Q3. Ad sales, pressured in 2013 by the sponsored news feed ad transition, rose 38% vs. 36% in Q3.

Talent Solutions made up 55% of revenue, subscriptions 20%, ads 25%.

LNKD -11.3% AH. Q4 results, PR.