Is New Work SE (Xing) profitable in 2025?

Yes. Trailing twelve month net income was about 12 million euros as of June 30, 2025, on TTM revenue of roughly 287.6 million euros, per FT market data dated July 30, 2025.

New Work SE, which operates Xing, is 100 percent owned by Burda Digital SE. Minority shareholders were squeezed out and the ownership change was approved at the June 24, 2025 AGM, following the August 2024 stock delisting.

Is Xing losing to LinkedIn in Germany?

Yes. As of April 2026, LinkedIn held about 30.2 percent German social media market share versus Xing's 6.7 percent, and LinkedIn appeared on 96.9 percent of German job board integrations versus Xing's 21.5 percent as of May 2026.

Could AI replace Xing's recruiting functions?

Core tasks like profile matching, candidate sourcing, and applicant screening are exactly what AI recruiting tools automate. New Work SE itself shipped AI reporting features into its Onlyfy recruiting suite monthly to bimonthly from February through July 2026.

Is Xing (New Work SE) stock still publicly traded?

No. New Work SE was delisted from the Frankfurt Stock Exchange effective August 26, 2024, after Burda Digital's June 2024 tender offer at 66.25 euros per share, and minority shareholders were fully squeezed out by June 24, 2025.

What happened to New Work SE's InterNations business?

InterNations, the global expat community platform owned by New Work SE, was divested to European investment firm FairCap in a carve-out announced July 17-18, 2026, continuing Burda's pattern of narrowing New Work's portfolio.

Consumer platforms · subsidiary of Burda Digital SE (Hubert Burda Media) · Germany

New Work SE (Xing)

xing.com ↗

German DACH professional network and recruiting platform, now wholly owned by Burda.

Losing its protection

Assessed 24 July 2026 · Evidence as of 24 July 2026

The structural protection is eroding.

On the recordSince 24 July 2026 · Checkable from July 2026 · Every call on the record Checkpoint: Burda's InterNations carve-out closes, testing whether more Xing-adjacent assets get spun off

The call

Xing runs as a profitable but shrinking DACH niche inside Burda, still standing on local data while LinkedIn and AI tools chip at its edges.

Xing is a recruiting platform focused on Germany, Austria, and Switzerland that helps companies find workers and people find jobs. It makes money and has steady revenue, but LinkedIn (owned by Microsoft) is beating it by offering better features and an AI system that automatically matches job seekers with openings, making Xing's local advantage less important. The company is also cutting jobs and selling off pieces to its parent company Burda, which suggests the owner is losing faith in its future. If LinkedIn's AI tools get even better at finding the right candidates in German-speaking countries, Xing will have almost nothing left that makes it special or hard to replace.

Why

AI pressure: LinkedIn's AI-driven candidate matching and screening tools. AI recruiting tools are commoditizing candidate matching and screening, eroding Xing's last edge in local response rates. Could AI do the core job? Only partly.

Bigger players: LinkedIn (Microsoft). LinkedIn holds roughly 30% of German professional social share against Xing's 6.7%, and keeps winning on integrations and engagement. Could a giant copy it? Yes, easily.

What protects it. DACH-local user data and the Kununu employer-review dataset give Xing a regional response-rate edge LinkedIn hasn't fully matched.

What would change this call

LinkedIn launches a German-language employer review feature tied to its network. Would erode Xing's last local edge in DACH employer reviews via Kununu.
Burda announces another carve-out or divestment from New Work SE within 6 months. Would confirm pattern of asset extraction rather than reinvestment in Xing's moat.
Onlyfy loses further mid-market ATS deals to Personio in DACH. Would show Xing's B2B recruiting tools losing ground to a focused local rival.

Key numbers

New Work SE 100% owned by Burda since squeeze-out (2025-06-24)
H1 2024 revenue fell 11.9% YoY to €133.7m (2024-06-30)
TTM net income about €12m (2025-06-30)

Named risks

No independent financial disclosure post squeeze-out reduces visibility into performance. Severity: medium
Declining B2C revenue and repeated restructuring costs at New Work SE core business. Severity: high
LinkedIn's growing dominance in DACH social and job board share erodes Xing's remaining reach. Severity: high
Continued Burda carve-outs (InterNations divested July 2026) signal shrinking scope of the business. Severity: medium
AI recruiting tools commoditizing profile matching and screening, weakening Xing's differentiation. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
LinkedIn (Microsoft)	losing to	LinkedIn holds 30.2 percent German social share vs Xing 6.7 percent, as of 2026-04-30
LinkedIn (Microsoft)	losing to	LinkedIn on 96.9 percent of German job board integrations vs Xing 21.5 percent, as of 2026-05-01
Glassdoor	gaining on	Kununu holds 3.1 percent German market share vs Glassdoor 0.1 percent, as of 2026-05-01

Questions people ask

Is New Work SE (Xing) profitable in 2025?: Yes. Trailing twelve month net income was about 12 million euros as of June 30, 2025, on TTM revenue of roughly 287.6 million euros, per FT market data dated July 30, 2025.
Who owns Xing now?: New Work SE, which operates Xing, is 100 percent owned by Burda Digital SE. Minority shareholders were squeezed out and the ownership change was approved at the June 24, 2025 AGM, following the August 2024 stock delisting.
Is Xing losing to LinkedIn in Germany?: Yes. As of April 2026, LinkedIn held about 30.2 percent German social media market share versus Xing's 6.7 percent, and LinkedIn appeared on 96.9 percent of German job board integrations versus Xing's 21.5 percent as of May 2026.
Could AI replace Xing's recruiting functions?: Core tasks like profile matching, candidate sourcing, and applicant screening are exactly what AI recruiting tools automate. New Work SE itself shipped AI reporting features into its Onlyfy recruiting suite monthly to bimonthly from February through July 2026.
Is Xing (New Work SE) stock still publicly traded?: No. New Work SE was delisted from the Frankfurt Stock Exchange effective August 26, 2024, after Burda Digital's June 2024 tender offer at 66.25 euros per share, and minority shareholders were fully squeezed out by June 24, 2025.
What happened to New Work SE's InterNations business?: InterNations, the global expat community platform owned by New Work SE, was divested to European investment firm FairCap in a carve-out announced July 17-18, 2026, continuing Burda's pattern of narrowing New Work's portfolio.

Timeline

2026-07-17InterNations divested from New Work SE to FairCap in a carve-out
2026-07-10Onlyfy AI reporting feature update shipped, part of ongoing 2026 AI cadence
2025-06-30TTM net income about 12 million euros, TTM revenue about 287.6 million euros reported
2025-06-24Squeeze-out of minority shareholders approved, New Work SE 100 percent Burda-owned
2025-05-01CEO transition: Petra von Strombeck handed role to Henning Ronneberg
2025-02-19Burda Digital files for squeeze-out of remaining minority shareholders
2024-08-26New Work SE delisted from Frankfurt Stock Exchange
2024-06-30H1 2024 revenue fell to 133.7 million euros, EBITDA collapsed to 1.8 million euros
2024-06-03Burda Digital announces delisting tender offer at 66.25 euros per share

Revision history

24 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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