Xing has presented preliminary figures for the fiscal year 2015 with record growth of 1.6 new members, the social network for professionals announced Monday in Hamburg. Overall turnover in 2015 came to EUR 123 million and was thus 21 per cent higher than the EUR 101 million in 2014.
Commenting on the results, Thomas Vollmoeller, CEO of Xing AG, said: “The year 2015 was all about growth. We have gained clearly in all segments. Fortunately, this positive trend is continuing in the current year so that today, we have already registered 10 million members.”
In 2015, paid-for memberships were the main source of revenue, which increased EUR 73 million (2014: EUR 61.3 million). Last year, Xing added 46,000 new, paying members and thus had over 880,000 members paying to use Xing’s products Premium und ProJobs. The e-recruiting segment accounted for a share of EUR 41.4 million and was the most important driver of growth.
1 million job vacancies
Xing added new products and services to its portfolio of job offers last year. The company launched a jobs market, which provides users with vacant jobs’ announcements in the German-speaking region. The new jobs market is the result of integrating jobbörse.com, which Xing took over in early 2015 and now offers users around 1 million jobs’ announcements.
Last autumn, Xing also launched offers in journalism called Xing Klartext – a platform where experts and well-known figures give their opinions on commerce and careers.
A seven-strong team including publisher Roland Tichy, former editor-in-chief of Wirtschaftswoche, Jennifer Lachman, editor-in-chief, and who earlier worked at Financial Times Deutschland, compiles editorial content. Xing AG was founded in Hamburg in 2003 and has been a stock exchange listed company since 2006. It has been listed on the TecDAX since September 2011.
Sources and further information:
Xing’s balance sheet report: Höchstes Mitgliederwachstum der Unternehmensgeschichte