Observed Signal · May 15, 2023 · Earnings Report · Source: OnlineMarketing.de · Impact: 4/5 · Sentiment: Neutral
kununu hits 8.8 million reviews amid NEW WORK SE earnings
NEW WORK SE reported Q1 2023 results with mixed signals: revenue rose about 2% to €75.9 million, while pro-forma EBITDA fell 30% to €17.9 million and the B2B segment declined 15% to €19.5 million, reflecting the ongoing XING-to-job-network transition. Kununu, the employer-review platform owned by NEW WORK SE since 2013, posted the strongest growth in Workplace Insights in the company’s history, adding roughly 710,000 insights in Q1 2023 and bringing total insights to 8.8 million. This total comprises about 5 million reviews and more than 2.9 million salary entries. The report also notes a rise in XING membership to 21.7 million during the period. Executives discuss a cooling job market and shifting demand for recruiting products, while reaffirming the long-term strategy around the XING rebrand and growth in HR-related platforms.
Earnings report with notable kununu growth metrics and strategic implications for the parent company’s HR/Employer-Brand ecosystem.
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Key Takeaways & Evidence Grounding
- NEW WORK SE Q1 2023 revenue €75.9 million, up ~2%
- Pro-forma EBITDA €17.9 million, down ~30%
- B2B revenue €19.5 million, down ~15%
- kununu Workplace Insights up ~710,000 in Q1 to 8.8 million total (≈5 million reviews, 2.9 million salary entries)
- kununu has belonged to NEW WORK SE since 2013
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