OLX.pl Reports Sales Revenue Growth

July 14, 2020

We’ve covered OLX Group’s global presence before. The company under Naspers Group has its fingers in major markets across the world and it’s only gaining traction. 

In a recent analysis by Wirtualnemedia.pl, the company, which owns brands like OLX, Avito, Otodom, Property24, and more, has grown its sales by 20% last fiscal year. Specifically, OLX Group’s sales revenue went from PLN656.51 million (approximately US$167.3 million) last April, to PLN 784.94 million (approximately US$200 million) this March. 

Much of this growth is thanks to OLX.pl, the group’s most popular platform. The Polish brand recorded 14.01 million users visiting its platform in May of this year. In the same time period, 4.2 million visitors utilized its mobile app. 

OLX Group gathers revenue from two specific sources: Ad listing fees and promotional options. OLX.pl recently implemented publishing fees for users which it has slowly spread to every category on its site.

July 14, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Offerpad Opendoor Stock
American iBuyers Opendoor and Offerpad Both Face Delisting From Stock Exchange

U.S.-based iBuying firm Offerpad has received a notice from the New York Stock Exchange regarding non-compliance with continued listing standards....

Read More
Untitled Design 9 1
Zillow Begins Rolling Back its Two-Tab Search Experience

Zillow has begun rolling out a major update to its search experience, moving away from a rule it once implemented...

Read More
Zillow Financial 2
Zillow Exec Clarifies and Defends New Listing Access Standards Policy

Zillow's Chief Industry Development Officer, Errol Samuelson, has taken to LinkedIn to clarify the company's updated listings access standards policy....

Read More
Investment Roundup 18Apr 3
Investment and Funding Roundup: Realiste, Rentify, Placy

This week's funding roundup is all about AI-powered platforms. We'll start in UAE...   Asia: Realiste closes $2M seed round...

Read More

Editor's Pick