Revenues at Madrid-based international portal operator Idealista grew 18.8% YoY to €259million ($289 million) in 2023 according to files submitted to the Spanish government by Idealista Global, the parent company of Idealista.
EBITDA was $105 million and the EBITDA margin was an impressive 36.3%.
The Spain segment recorded revenue growth of 18% YoY to €155 million, while Portugal and Italy increased to €104 million, up 21% YoY.
Overall revenue from online publishing and advertising amounted to €230 million, with the rest of the revenue (€30 million) made up by other services including real estate credit brokerage, online booking development, vacation rental portal management and CRM, up 30.4% YoY.
However, the company made a loss of €79.7 million with a debt of €344 million, up circa 25% YoY.
Cinven took a 70% stake in Idealista earlier this year at a valuation of over €3 billion, with previous majority shareholder EQT retaining an 18% stake.
Zillow's Chief Industry Development Officer, Errol Samuelson, has taken to LinkedIn to clarify the company's updated listings access standards policy....
Read More
This week's funding roundup is all about AI-powered platforms. We'll start in UAE... Asia: Realiste closes $2M seed round...
Read More
This week's product and service roundup starts in the United States, where Zillow has boosted its Showcase product with enhanced...
Read More
South Korean proptech firm Zigbang has reported full-year revenue of KRW101.4 billion ($70.9 million U.S.) for 2024, marking its second...
Read More
