XING revenues up 35%

Business network XING has recorded 35% higher revenues in the first six months of 2009.

Business network XING has recorded 35% higher revenues in the first six months of 2009.

Total revenues jumped  to €21.54m (£18.49m), while the number of paying members increased by 21% to 635,000 members.

Job listing revenues increased in the first half of the year to €2.23m from €1.84 million on the same period last year, while EBITDA results increased slightly over those of the previous year, to €5.90 million up from €5.76m.

Dr. Stefan Gross-Selbeck, chief executive of XING, says: “In the first six months of 2009, we’ve invested heavily in developing new business models, and made solid progress in working towards our strategic goals. In the second half of the year, we’ll continue to focus on making XING more appealing for our members, and also launch new sources of revenues. We have new functionalities especially for recruiters are already in the beta phase. In addition, we will continue to invest in the growth of membership figures in our European core markets.”

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