Revenue growth at marketplace horizontal Adevinta Spain slowed to 4.0% year on year (y-o-y) to €56.0 million ($61.0 million U.S.) in Q4 2023, according to the latest financial reporting from Adevinta, its Olso-based parent company.

According to Adevinta, revenue growth at Adevinta Spain during this period “was mainly due to Online Classifieds revenue growth (+6% year-on-year), driven by double-digit performance in Mobility and a solid performance in Jobs.”

“Real Estate performance was impacted by the macroeconomic context,” while “Advertising revenues were down 9% year-on-year, mostly driven by lower vibrancy” and “Transactional revenues doubled in the period.”

It added that, in the quarter, “we further improved the user experience (eg: SEO indexing through automatic machine learning image tagging in Fotocasa, gas and electric station search feature at”

Adevinta Spain’s marketplaces include in automotive, Fotocasa in real estate, job board InfoJobs and general goods marketplace Milanuncios.

Read about parent company Adevinta’s financial performance in Q4 and 2023 as a whole here.

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