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Xing announces record earnings

As in the first quarter of Xing, the Hamburg company, which operates the same business network has achieved in the second quarter of record sales. Compared to second quarter 2007, revenues increased by 96 percent to € 8.41 million. Earnings before taxes, depreciation and amortization (EBITDA) has increased threefold with 3.13 million euros, according to Xing even over.

Most of its revenue generated Xing continue with the charges of premium members, whose numbers rose by 50,000 to 470,000. The number of users with free access to business network rose by 1.31 million worldwide to 6.14 million.

The new business areas of e-commerce and advertising have spread further, according to Xing. With advertising, the company earned in the second quarter of 0.61 million €, with ads in its Market Place even 1.02 million €. As in the first quarter was attributable to the new business models, a revenue share of around 20 percent.

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