At the end of January 2008, the XING AG counted over 5 million registered members worldwide.
Alongside the acquisitions in Spain and Turkey, a particularly strong engine of growth for increasing membership figures is the continued organic growth in Europe.
“We delivered outstanding results for the 2007 fiscal year, and have already demonstrated this year that XING is not only an active consolidator in the European business networking market, but is also striding ahead with organic growth and has shown incredible innovation,” says Lars Hinrichs, founder and CEO, XING AG.
At the end of last year, XING AG expanded its successful business model with eCommerce and Advertising segments, two additional revenue streams. The additional revenue allows the Company to offer new services and features to its members, to be more flexible in a dynamic market, thus further accelerating the growth of XING AG.
The 2007 fiscal year was the most successful in the history of the Company in terms of growth in members and paying members. The company reached its guidance for the year with revenues of 19.61 million, and an EBITDA margin of 35.2%.