The company earned €6.7 million ($7.9 million U.S.) last year, up from €5.9 million in FY2019. It recorded a loss of €166,269 ($196,539 U.S.), down from €650,344 a year earlier.
United Classifieds operates free ads horizontal Bazar.sk and several real estate verticals, including the leading apartment rental and sales site Byty.sk and TopReality.sk; new-buildings and development-projects site Novostavby.sk; a mobile-optimized, niche real estate search vertical called Nehnuteľnosti.sk; and holiday rental site Chaty.sk.
Ringier Axel Springer Media is a partnership between Swiss Ringier AG and Germany’s Axel Springer SE in the Eastern European markets. The partnership is likely to partly end this year as Ringier agreed in July to acquire all Axel Springer shares in Hungary, Serbia, Slovakia, Estonia, Latvia and Lithuania. The joint venture between Ringier and Axel Springer will remain in place in Poland.