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Nov 08, 2012 |
Hamburg, November 8, 2012 – XING AG, operator of the leading business network in German-speaking countries (D-A-CH), continued to grow in all of its divisions during the third quarter of 2012. Revenues rose by 11% from €16.56 million in Q3/2011 to €18.33 million in Q3/2012, while the third quarter EBITDA of €5.52 million was slightly higher than that achieved in Q3/2011 (€5.36 million).
The vertical divisions, i.e. e-Recruiting, Advertising and Events, remained the company’s key growth driver after reporting a 21% rise in revenues from €4.9 million in Q3/2011 to €6 million during the period under review. The e-Recruiting division grew by 21% to €3.69 million (Q3/2011: €3.05 million), while Advertising saw an increase of 16% to €1.36 million (Q3/2011: €1.17 million) and the Events division reported a rise of 32% to €0.95 million (Q3/2011: €0.72 million). Revenues from paid memberships also rose by 6% to €12.08 million (Q3/2011: €11.39 million).
XING’s focus on member growth has paid off well with 196,000 people in D-A-CH choosing to sign up to the platform in Q3. This takes total membership there to 5.9 million members, 770 thousand of whom are paying members.
Thomas Vollmoeller, CEO at XING AG, said that “XING has grown in all of its divisions during the third quarter. We intend to focus even more on social recruiting – a growth market with considerable potential in Germany – in the future. We will continue to make further investments in order to continue growing and expand our market-leading position over the coming years.”
Back in September XING launched a new product that provides recruiters with access to the largest candidate pool in German-speaking countries called the XING Talent Manager (XTM). Alongside a number of search, filter, and management features, XTM is the first-ever product to allow recruiters to work efficiently in teams so any potential candidates, internal notes, and employment statuses can be collected in centralized project folders and made available to other team members for further processing. As XTM is a corporate membership, all of the information gleaned via this product remains within the company, even if a recruiter leaves.
XING is the social network for business professionals. More than 12 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.