(Reuters) - LinkedIn Corp , operator of the biggest social networking site for professionals, reported a better-than-expected 33 percent rise in revenue, driven by strong growth in its business serving recruiters.
The company's shares rose 10 percent in extended trading.
LinkedIn has been spending heavily to acquire businesses and build up its sales and development teams in an effort to leverage off LinkedIn.com's 380 million members.
In its biggest deal yet, the company said in April it would pay $1.5 billion for lynda.com Inc, a leader in the fast-growing market for career training videos.
Second-quarter revenue included a contribution of $18 million from lynda.com.
LinkedIn has also been investing to improve its mobile presence and is developing new products for the Chinese market.
More than half of LinkedIn members now access the site through mobile devices.
LinkedIn, which gets 38 percent of its revenue from outside the United States, said that excluding the impact of the strong dollar its revenue would have risen 38 percent.
The average value of the dollar against a basket of currencies was 20 percent higher in the second quarter of 2015 compared with the same quarter last year.
The company said revenue in its Talents Solutions business, which sells services to recruiters, rose 38 percent to $443 million in the three months ended June 30.
The business, in the midst of an overhaul, accounted for 62 percent of total revenue in the quarter.
Revenue from premium subscriptions rose 22 percent.
LinkedIn said it had about 380 million members at the end of the quarter, an increase of about 30 million from the first quarter.
The company said its net loss attributable to shareholders widened to $67.7 million, or 53 cents per share, from $1 million, or 1 cent per share, a year earlier.
Revenue rose 33.3 percent to $711.7 million.
Excluding items, the company earned 55 cents per share.
Analysts on average had expected earnings of 30 cents per share on revenue of $$679.8 million, according to Thomson Reuters I/B/E/S.
LinkedIn's shares were trading at $250.02 in extended trading, after closing at $227.15.
(Reporting by Devika Krishna Kumar in Bengaluru; Editing by Ted Kerr)
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