Higher pricing pushes Trade Me back into the black

Trade Me sales director Gavin Lloyd; reviewing pricing from time to time. (Image: Trade Me)

Tue, 21 Nov 2023

Online auction site Trade Me boosted net profits after tax to $4.7 million for the year to June, turning around a loss of $2.3m for the prior year on the back of soaring classified revenues.Those revenues, reported by Trade Me owner Titan Parent New Zealand, follow rate card increases of as much as 15% and saw revenues climb $9.8m to $358.4m. The ultimate owner of Trade Me is Guernsey-based private equity firm Apax GP, which paid $2.56 billion for the then-publicly listed company in May 2019.Classified revenues came in as t...

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