Today we announced the introduction of a range of new features for our platform along with our preliminary figures for the 2010 financial year (press release). To put it simply, it was the best financial year in the company’s history / we’re more than happy with the results.
We achieved positive growth in all areas of the business with our new sources of revenue developing particularly well. In Advertising, revenues grew by 64% to 3.9 million euros, while e-recruiting revenues rose by 61% to 7.1 million euros.
Our acquisition of amiando has also paved the way for tailoring our 2011 product and revenues portfolio to our customers’ needs and making these changes happen as soon as possible. One such example is the recent introduction of ticketing for all XING members!
2010 was also a year of member growth at XING with 20% more new members signing up over the course of the year. In Q4 we even saw a 30% rise over Q4 2009’s figures. Total revenues increased by 20% to 45.1 million euros, which equates to an operating result (EBITDA) of 16.7 million euros and a growth rate of 41%.
I’d like to take this opportunity to thank all the XING members out there because if it weren’t for your dedication, commitment, discussions, group posts, events, and job ads, XING wouldn’t even exist. Our aim is to help you get ahead, and that’s exactly what we’re going to carry on doing in 2011!
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