Thanks to its jobs channel, Germany’s listed-business network portal Xing.com was able to double year-over-year revenue in the second quarter €8.41 million ($13.2 million).
In Q208, the job board contributed €1 million to total revenue. Without the income from the job board, Xing’s revenue would “only” have risen by 60 percent, the company said.
Xing introduced the jobs channel with a pay-per-view pricing model last year. Advertisers pay €0.49 (77 cents) each time an ad is viewed.
Q2 earnings before interest, tax and depreciation and amortization (EBITDA) jumped 300 percent from the same quarter last year to €3.13 million. The biggest contribution to revenues was made by subscriptions (€5.95 per month) paid by Xing’s 470,000 paying members.