Avito, one of Russia’s leading real estate classifieds portals, has reported an 86 percent jump in revenues in the second quarter of 2016 compared to the same period last year.
Co-owner of the company, Swedish investment fund Vostok New Ventures, announced revenues had grown to to 2.93 billion rubles. First quarter revenue also grew by 86 percent compared to the fourth quarter of 2015.
The company also reported a 25 percent jump in the number of page views in the second quarter to reach 30 billion. Share views via mobile devices jumped to 56 percent from 44 percent.
Avito.ru was launched in November 2007 and also includes automotive, jobs and services classifieds.
Late last year, the South African media holding company Naspers bought 50.5 percent of Avito, increasing its share to 67.9 percent. At that time the company was valued at $US2.7 billion.
Avito is the parent company of Russian property portal Domofond.ru. Its CEO, Erik Segerborg, has just been announced as a speaker at Property Portal Watch’s Madrid Conference, September 28-30.
Other speakers at the conference include:
Simon Baker, Chairman Property Portal Watch
Charles Pittar, CEO of Juwai.com
Cedric Vandervynckt, Regional MD for Criteo
Simon Bray, CEO Privateproperty.co.za
Georg Chmiel, CEO iProperty group
Nigel Dalton, CIO REA Group
Gabriel Gruber, CEO Properati
Nicolas Tejerina, CEO Navent
Brian Requarth, Chairman VivaReal
Lucas Vargas CEO VivaReal
Lex Groenewegen, CEO, placert.com
Gonzalo Del Pozo, CEO, mitula.com
Laura Szabo, CPO, ingatlan.com