Avito.ru, Russia’s leading classifieds platform, saw its revenues reach $54.4 million in Q4 2016, up 54% from Q4 2015, says the recent activity report by Swedish investment company Vostok New Ventures, formerly known as Vostok Nafta Investment.
According to the report, in Q4 2016 the company’s adjusted EBITDA margin reached 47% ($25.3 million), compared to 42% in Q4 2015.
From October through December 2016, the website enjoyed 31 billion page views (mobile views – 59%), as compared to 29 billion (mobile views – 50%) for the same period in 2015.
The company’s total revenue reached $192.5 million in 2016, showing a 75% growth comparing to 2015. Its adjusted EBITDA margin reached 54% ($103.2 million), compared to what was 49% in the previous year.
In 2016, the website enjoyed the total of 123 billion of page views (mobile views – 56%) compared to what was 104 billion (mobile views – 46%) in 2015.
Last year, Avito ranked among Russian top ten websites, according to SimilarWeb.
In October 2015 Naspers announced a $1.2 billion transaction to become the largest shareholder in Avito.ru, strengthening its position as global leader in online classifieds. The South African group increased its stake from 17.4% to 67.9% on a fully diluted basis, buying shares from Kinnevik, Accel Partner and Northzone, which fully exited the business. The deal, which valued Avito at some $2.7 billion, came as one of the largest European VC-backed company exits ever
Source: Vostok New Ventures
