paidContent:UK - Covering UK\'s Digital Media Economy

Current Story

Earnings: German Social Net Xing Revs Up Over 300 Percent For Year

By Joseph Weisenthal - Thu 27 Mar 2008 01:13 PM PST

Xing, the publicly traded German social networking service that’s a bit like LinkedIn, has reported FY07 revenue of EUR 19.61 million, up more than triple from the previous year’s EUR 6.11 million. Of this, EUR 17.84 million came from subscriptions services, with the rest coming from advertising. EBITDA of EUR 6.89 million, compares with a loss of EUR .69 million in the year-ago period. It ended the year with total membership of 4.8 million users, up from 1.7 million a year ago. While some of its growth was organic, the company acquired Spanish social nets eConozco, Neurona in 2007, and earlier this year it acquired Turkish business network Cember.net this past year.

Posted in: Countries, Europe, Germany, Money, Earnings, Social Media

Tags: xing,


Our new Econoclast 10 lists the top ten most influential and innovative online celebrities.

Related Research from Alacrastore.com
1 Response:
Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent:UK covers the business of digital media for the U.K. and European markets.

Robert Andrews
U.K. Editor

Staci D. Kramer
Co-Editor

Dianne See Morrison
Contributing Writer

Ingrid Lunden
U.K. Contributor

Rafat Ali
Publisher

Social Media Report

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters