Elon Musk Might Be Sidelining LinkedIn To Promote X, But Microsoft CEO Satya Nadella Says It Continues To See 'Record Engagement'
Portfolio Pulse from Ananya Gairola
Microsoft CEO Satya Nadella reported significant growth and engagement on LinkedIn during the company's fourth-quarter earnings call. LinkedIn saw a 34% increase in video content and a 51% rise in Premium sign-ups. Despite Elon Musk's criticism of LinkedIn and promotion of his platform X, Microsoft reported a 10% revenue increase for LinkedIn. Microsoft shares fell 2.72% in after-hours trading following the earnings report.
July 31, 2024 | 3:40 am
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Microsoft reported strong growth and engagement on LinkedIn, with a 34% increase in video content and a 51% rise in Premium sign-ups. LinkedIn's revenue grew by 10%, but Microsoft shares fell 2.72% in after-hours trading.
The strong performance of LinkedIn, including significant growth in engagement and revenue, is a positive indicator for Microsoft's overall business. However, the decline in share price suggests that investors may have had higher expectations or concerns about other aspects of the earnings report.
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