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Investing.com -- Vend Marketplaces stock dropped 2.7% after the company reported a sequential deceleration in volume trends across all verticals for April-May 2025 compared to the first quarter performance.
The company released the information in a "pre-silent newsletter," a new format replacing its usual pre-close calls, after which it will "refrain from discussing short term developments with analysts."
In the Mobility segment, Norway volumes decreased by 4% YoY in Pro (versus +5% in the first quarter) and by 2% YoY in Private (versus +10% in the first quarter). Swedish volumes remained under pressure, down 10% YoY in Pro and 13% YoY in Private.
Real Estate volumes in Norway grew just 1% YoY, a significant slowdown from 13% growth in the first quarter. The Jobs vertical in Norway saw new approved ads decline 14% YoY in April-May, worse than the 10% drop in the first quarter.
Recommerce transacted GMV growth also slowed, with Norway posting 13% YoY growth (versus 30% in the first quarter) and Sweden showing 21% YoY growth (versus 33%). Take-rates in Norway decreased to 15% from 16% in the first quarter, while Swedish take-rates remained at 10%.
Despite these trends, the company maintained confidence in its medium-term targets and expects "solid underlying ARPA growth to continue driven by updated price and product launches." However, it anticipates "muted" revenue growth in 2025 due to advertising headwinds and various business exits.
UBS analysts noted: "we think the release could be perceived negatively by the street and expect the shares to be pressured."
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