Idealista Grew Revenues to $289 Million in 2023

August 29, 2024
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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.

August 29, 2024
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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