XING, the social network for professionals which is extremely popular in Europe, has just published some numbers showing off its continued growth. According to a recent release, XING, has 5 million members registered which has contributed to reached revenues of 19.61 million euros or approximately 28.74 million U.S. dollars. XING founder and CEO, Lars Hinrichs had this to say:
"We delivered outstanding results for the 2007 fiscal year, and have already demonstrated this year that XING is not only an active consolidator in the European business networking market, but is also striding ahead with organic growth and has shown incredible innovation."
Some of this could be attributed to additional revenue streams that were created by expanding XING's e-Commerce and Advertising.