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Xing Hits 5 Million Members and Revenues of 19 Million For '07
Written by Allen Stern - February 19, 2008
Xing has provided us with their latest user and revenue numbers this morning. As of January 2008, they have 5 million registered users. I'd love to see them share their active users as I have an account but haven't logged into it in nearly four months.
Xing is Europe's version of LinkedIn though they are starting to gain some acceptance here in the States as well. Over the year Xing launched a marketplace and acquired Neurona.
They have also released revenue numbers for 2007 that are on target with their guidance. Company revenues for the year ended at €19.61M (~$29M) and EBITDA at €6.89M (~$10.1M). This is double the numbers for 2006 and represents a EBITDA margin of 35.2%.
Xing was one of our Top 10 social services in Germany.
