NEW YORK (CNNMoney) -- LinkedIn once again proved it's not Facebook. The business networking site reported that sales nearly doubled from a year ago, led by a huge increase in its job posting services. The stock rallied after hours on the news.
LinkedIn pulled in $228.2 million in revenue for the second quarter, and earned 16 cents per share. Sales topped the $216 million that analysts polled by Thomson Reuters were expecting. Earnings were in line with forecasts.
Shares of LinkedIn (LNKD) were up more than 4% in after hours trading.
The company has three different ways of making money, and revenue from all of those sectors jumped significantly over the year. Sales from job postings, which accounted for more than half of LinkedIn's total revenue, more than doubled.
Ad revenue grew 64% over the year, and paid subscription sales jumped 82%..
LinkedIn has had a much better track record than other social media companies since going public. The stock is up nearly 45% year-to-date.
Facebook (FB), whose shares fell below $20 for the first time on Thursday, is trading almost 50% below its offering price. Groupon (GRPN) and Zynga (ZNGA) have also stumbled. Both stocks are near their 52-week lows.
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