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Investing.com - Vend Marketplaces ASA on tuesday reported third-quarter EBITDA of NOK 640 million, up 24% YoY, despite a 1% revenue decline on a constant currency basis to NOK 1,595 million.
The company continued to make progress on its monetization strategy and cost reduction initiatives as it transitions to a pure-play marketplace business.
The company’s performance was driven by strong ARPA (Average Revenue Per Advertisement) growth across its verticals and solid transactional revenue growth, which helped offset ongoing weakness in advertising revenue.
Operating expenses declined during the quarter, reflecting lower personnel costs, reduced marketing spend, and decreased costs related to phasing out temporary service agreements with Schibsted Media.
"Q3 2025 underscored our progress towards becoming a pure-play marketplace company. We advanced monetisation across our verticals, executed with discipline on costs, and took further steps to simplify the company," said CEO Christian Printzell Halvorsen.
The Mobility segment was a standout performer with 8% revenue growth on a constant currency basis. Classifieds revenue in this segment increased 13%, driven by ARPA growth, while transactional revenue rose 18%.
The Real Estate segment also delivered 8% revenue growth, supported by strong ARPA in Norway.
The company continued its simplification strategy during the quarter, signing an agreement to sell Lendo, launching a sales process for its Delivery business, and exiting venture investments.
The Board has approved a new share buyback program to be launched later this year.
Looking ahead, Vend is focused on its 2026 product and monetization agenda, which aims to better align pricing and products with the value delivered.
The company remains on track with its platform transition and expects to migrate Blocket to its common platform by year-end 2025.
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