- Total revenues and EBITDA both rise by 20%
- 19% more members in German-speaking countries (DACH)
- E-Recruiting records a 60% rise in revenues and remains social recruiting market leader
- Advertising revenues grow 31% compared to Q3/2010
Hamburg, November 15, 2011 –XING AG, the leading business network in German-speaking countries, continued its growth course during the third quarter of 2011. Revenue rose by 20% from €13.8 million in Q3/2010 to €16.6 million in Q3/2011. The third-quarter EBITDA of €5.4 million represents a 20% increase over Q3/2010 while net profits €2.6 million for the period equate to a 23% rise. The EBITDA margin of 32.3% remained at a similar level to the 32.4% margin achieved in the third quarter of 2010.
E-Recruiting revenues grew by 60% from €1.9 million in Q3/2010 to €3.1 million in Q3/2011. Revenues for the period from Advertising rose by 31% from €0.9 million in Q3/2010 to €1.2 million, while Premium membership revenues saw growth of 6% from €10.8 million to 11.4 million. amiando, a XING subsidiary acquired in December 2010, also saw its Events revenues rise to € 0.7 million having sold €10 million in tickets for the first time ever.
Stefan Gross-Selbeck, CEO at XING AG, said that “XING is continuing to grow across the board. Our new sources of revenue are proving particularly successful. Our focus on German-speaking countries is also paying dividends as we clearly lead the social recruiting market and have the most members there.”
The number of members in German-speaking countries (DACH) rose by 19% from 4.3 million in Q3/2010 to 5.1 million in Q3/2011, while the number of paying Premium members grew from 733,000 to 779,000. The company had 11.4 million members worldwide as of the end of September (compared to 10.1 million in 2010).
XING is the social network for business professionals. More than 11 million members worldwide use XING to boost their business, job, and career. XING is a platform where professionals from all kinds of different industries can meet up, find jobs, colleagues, new assignments, cooperation partners, experts and generate business ideas. Members can meet and exchange views in over 50,000 specialist groups, while also getting together at networking events. The platform is operated by XING AG, which was founded in Hamburg, Germany, in 2003, has been publicly listed since 2006, and listed on the TecDAX since September 2011. In December 2010, XING acquired amiando AG, a Munich-based company and Europe’s leading provider of online event management and ticketing. Please visit www.xing.com for more information.