1/3/2023 0 Comments Kindle 1.17 pac![]() ![]() The company's shares fell 5.9% by 0806 GMT.Ī shortage of semiconductors has constrained global car production this year, hampering sales and, in turn, advertising. OSLO, Nov 25 (Reuters) - Norway's Adevinta, the world's largest classified ads company, posted on Thursday a smaller-than-expected rise in third-quarter revenue, hampered by weakness in the autos segment, which it said will continue into next year.įollowing its recent $13 billion takeover of eBay's classified ads unit, Adevinta said it now plans to concentrate its business around fewer countries, primarily in Europe, and will invest more heavily in those markets to boost growth.Īdevinta's July-September revenue rose 6% year-on-year to 386 million euros ($432.7 million), lagging analysts' average forecast of 406 million euros, according to Refinitiv data. * Shares down 5.9% (Adds CEO interview, detail) ![]() * Completed purchase of eBay classifieds unit in June ![]()
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