Property helps Trade Me lift revenue 16.5%

Trade Me CEO Anders Skoe. (Image: Trade Me)

Tue, 22 Nov 2022

Trade Me's holding company reported a healthy lift in classified revenue in the June year but swung to a net loss on mounting interest costs. Titan Parent New Zealand's financial statements show classified revenue for the group was $225.6 million in the June year, up 23% on the prior period, although it reported a net loss of $2.3m compared to a profit of $4.3m in the June 2021 year.Total revenue of $348.7m was up 16.5% on the year.The online platform's classified revenue includes $93.5m from motors, $83.9m from property and $4...

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