OLX.pl Reports Sales Revenue Growth

July 14, 2020
Share this Post: 

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

Homely New Feature
Homely Closes in on 700 Strategic Partners with Latest Additions

Australian portal Homely has announced 32 new strategic partners for its Homely Plus product, taking the agent-backed portal one step...

Read More
Shutterstock 1197262969
Zillow Offering 1% Down Payment Mortgages to Combat Affordability Issues

The U.S. real estate marketplace and mortgage company Zillow is offering home loans that require only a 1% down payment....

Read More
Shutterstock 181374380
FangDD Sees Net Profitability For First Half of 2023 as Chinese Market Outlook Remains Gloomy

The Chinese real estate marketplace and transaction platform company FangDD has reported on its performance for the first half of...

Read More
Idealista's Spanish Revenue up 17% to €118 Million in 2022

The Spanish real estate portal Idealista generated €118 million in revenue in 2022, representing a 17% increase compared to 2021....

Read More

Editor's Pick