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

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.


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