openPR Logo
Press release

XING reports over a half a million paying customers

09-10-2008 03:51 PM CET | IT, New Media & Software

Press release from: XING AG

Hamburg, Germany, September 10, 2008 – XING AG (ISIN: DE000XNG888), operator of XING – the leading network for business contacts in Europe – has exceeded the 500,000 mark of Premium Members and added approximately 140,000 net new payers in the first eight months of this year. This revelation comes after the half-year results 2008 showed that the company had tripled its profits and doubled its revenues.

“The fact that XING has more than half a million paying members clearly shows that professionals around the world are deriving personal benefit from working with xing.com on a regular basis and are therefore willing to invest €5.95 a month for access to the platform’s advanced functions,” says Lars Hinrichs, Founder and CEO of XING AG.

The high rate of customer satisfaction is clear evidence of the sustainability of this business model. More than 75 percent of all paying members are still XING Premium Members three years after they register.

Import notice:
Provisional financing figures and proforma figures subject to confirmation
The results and figures published in this notification are unaudited and have been determined by the company on the basis of provisional financial statements and the previous financial statements for the specified periods so that a better comparison can be made and exceptional factors can be presented; some of the figures have been calculated on a proforma basis.
The provisional financial figures are subject to changes when the financial statements are audited. Although, in the opinion of XING AG, the proforma figures reflect the current status of the company and the direction of development of general business, the proforma figures may not precisely reflect this status and direction of development.

Cautionary note regarding forward-looking statements:
This press release contains forward-looking statements concerning XING AG, its subsidiaries, and economic and political conditions that could influence the performance or operations of XING AG. These forward-looking statements are based on assumptions made by the management of the Company in accordance with the information available to it at the time. A variety of different factors could lead to actual results, trends and conditions that differ significantly from the forward-looking statements contained in this press release. The Company does not assume any liability for this eventuality and cannot guarantee that the information upon which the forward-looking statements are based is correct and complete, nor is the Company, its subsidiaries and affiliated companies liable for the future correctness of the statements outlined in this press release.

About XING:
XING is the leading network for business contacts in Europe. Far more than a directory of business contacts, XING makes your professional network an active part of your life, enabling members to discover professional people, opportunities and privileges through its unique discovery capability and advanced contact management tools.
With the successful IPO of XING as the first Web 2.0 company to go public, XING AG has had a long-term impact on the social networking trend amongst professionals. By focusing on the target group 'business people worldwide', the company is able to offer tailored features, thereby making networking and contact management simpler. Besides Headquarters in Hamburg, XING AG is also represented with offices in Barcelona, Istanbul and Beijing.
XING. Powering Relationships.

Contact:
XING AG
Gaensemarkt 43
20354 Hamburg

press@xing.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release XING reports over a half a million paying customers here

News-ID: 53372 • Views:

More Releases from XING AG

XING continues growth course
* 70% increase in EBITDA in Q1 * Two thirds of growth generated by new sources of revenue * Strongest member growth in German-speaking countries since Q1 2009 Hamburg, May 10, 2011 – In the first quarter of 2011, XING AG successfully continued the growth course set during the 2010 financial year. The market leader in German-speaking countries reported an EBITDA of €5.6 million during Q1 2011, which represents an increase of 70%
XING: Boards suggest special distribution of funds from capital reserves amounti …
Hamburg, March 30, 2011 - The Management and Supervisory Boards of XING AG, Hamburg (ISIN DE000XNG8888), have decided today to suggest paying a special distribution of funds from capital reserves amounting to €20 million to the company’s shareholders at the next AGM on May 26, 2011. The payout per share will amount to approx. €3.70. Stefan Gross-Selbeck, CEO at XING AG, said: “This special distribution of funds highlights XING’s financial
XING AG increases EBITDA by 52 percent in Q3/2010
XING AG increases EBITDA by 52 percent in Q3/2010 * EBITDA of €4.46 million - The highest operating result in the company’s history * Revenues from services up by 20 percent * 194 thousand new members in German-speaking countries Hamburg, November 9, 2010 - In Q3/2010, XING AG reported an EBITDA of €4.46 million, the company’s highest ever operating result. This in turn equates to a 52 percent increase over Q3/2009 (€2.92
XING makes successful start to financial year 2010
17 percent increase in revenue to €12.60 million - €1.3 million profit - EBITDA of €3.3 million - 23 percent increase in member numbers compared to previous year - 420,000 new members in Q1 Hamburg, May 12, 2010 - XING AG has made a successful start to the 2010 financial year with Q1 revenues of €12.60 million, which represents a 17 percent increase over figures for the same period last year (€10.75 million). This positive development

All 5 Releases


More Releases for Hamburg

Gebäudereinigung Hamburg - About us
Gebäudereinigung Hamburg – No more dirt! We at Ruiz are your reliable cleaning company and take care of every type of building cleaning. No matter if it’s about office cleaning, maintenance cleaning or glass cleaning – we provide the right personnel, equipment and know-how. We will be happy to make you an appropriate offer. Just give us a call or we send you a non-binding quote online. That’s what we’re offering you: Building
BLOCKCHANCE Conference Hamburg 2018
BLOCKCHANCE Conference, August 24th-25th 2018 in the HafenCity of Hamburg with subtitle, ‘Bitcoin was just the beginning - blockchain is the future of economics’, shows the socio-economic impact of the coming blockchain revolution. Plus free Skycoin Miner Hardware and VEGANcoins giveaway Hamburg, July 4th 2018 - The BLOCKCHANCE Conference Hamburg 2018 ‘The future of economics’ opens its doors for two days at August 24th and 25th. It creates a platform
LEGO Education Innovation Studio opens in Hamburg
Secretary of Education for Hamburg attends the launch of the LEGO® Education Innovation Studio at the Richard-Linde-Weg Academy Students at the Richard-Linde-Weg Academy along with the Secretary of Education for Hamburg Ties Rabe, and LEGO® Education celebrated the opening of their new LEGO Education Innovation Studio last week. The Studio provides an innovative and creative space for the students to study and learn. It incorporates storage, durable, multifunctional furniture and at the
Indo-Hamburg Relations: On A Promising Path?
GIRT Hamburg invites Consul General Subashini to share views on India’s ties with Hamburg, on May 2, 2011 Hamburg (19.04.2011): India’s emergence as an increasingly open and growing economy has led to a more active interaction with Germany. The liberalization of India’s economy and the ensuing growth in the bilateral trade has opened new avenues for cooperation not only in the business sector but also in other social and cultural spheres.
PHOTO+ART BOOK HAMBURG 2011 in Germany
From 2nd – 4th September 2011 the Haus der Photographie, Deichtorhallen Hamburg, Germany celebrates the premiere of the PHOTO+ART BOOK HAMBURG. This new fair focuses on the printed publication as an autonomous form of artistic expression. It accommodates not just a variety of exciting stalls but also offers exhibitions, workshops, lectures and booksignings. The PHOTO+ART BOOK HAMBURG addresses professionals, artists, creative individuals, printers, interested amateurs as well as book and
“Gamecity” Hamburg Appearance at Gamescom 2009
Hanseatic city features seven companies at shared Hamburg stand Hamburg, 11 August 2009: Hamburg’s games companies are back in force this year at Europe’s leading digital gaming industry show. Following the move of the event from Leipzig to the Rhineland, the initiative gamecity:Hamburg will host a joint appearance at gamescom 2009 in Cologne from August 19 to 22. Co-participants at the shared stand are Hamburg-based gamigo AG, FISHLABS Entertainment GmbH, INTENIUM