Business news from Ukraine

Business news from Ukraine

OLX Group continues to deliver strong financial results, expanding its categories – Cars, Real Estate, and Jobs

Amsterdam, June 29, 2026 – OLX Group (“OLX”), the global leader in online classifieds with nearly 60 million listings daily across seven markets and a wholly owned subsidiary of Prosus, reported strong financial results for the full year ended March 31, 2026.

  • Global revenue grew significantly by 28% (16%) year-over-year to $992 million.
  • Adjusted EBITDA increased by 53% (38%) year-over-year, and the margin rose by 8 percentage points.

Christian Gisi, CEO of OLX Group, commented: “These results reflect our consistent strategy over the past few years—focusing on the right markets, the right categories, and the right model. For us, artificial intelligence is no longer just an investment category; it is the operating system of our business. This is directly reflected in the quality of our product and the results we deliver to customers, and ultimately in margin growth.”

Progress in Executing the Strategy

The financial results reflect OLX’s improved operational efficiency, continued investment in artificial intelligence, and the strengthening of the business in key categories. The company’s growth is primarily driven by its focus on Cars, Real Estate, and Jobs, which now account for 71% of total revenue.

Trends within OLX Group’s core categories:

  • The “Automotive” category showed the strongest revenue growth at 42%, driven by the acquisition of La Centrale and monetization resulting from increased value for our customers and partners through enhanced advertising solutions and AI-powered optimization of pricing, supply, and search.
  • The “Real Estate” category showed significant revenue growth of 26%, driven by product enhancements for both individual customers and professionals.
  • The “Jobs” category saw steady revenue growth of 14%, driven by product updates and monetization revenue.

OLX Ukraine: Steady Growth and a New Real Estate Platform

OLX Ukraine brings together approximately 22 million users each month, maintaining its leading position in the classifieds platform market and ensuring uninterrupted service delivery even during the war. In the “Real Estate” category, revenue grew by 13% year-over-year. In the “Jobs” category, thanks to an integrated 360° communication campaign, the number of daily active users increased by 15%, and the number of responses on the platform rose by 32% year-over-year.

Specifically, in the retail and young professionals segments, the number of reviews grew by 20% and 63%, respectively. Thanks to OLX’s brand development initiatives, OLX Jobs ranked second in unaided brand awareness (ABA) in the blue-collar professions category. The “Auto Parts” category remains the leader, with over 1.5 million active listings on the platform. OLX Ukraine is continuously building brand awareness and user loyalty in the “Goods” category. A large-scale campaign featuring over 30 Ukrainian influencers generated 10.7 million content views on social media and 135,000 visits to the platform.

OLX Group strengthened its presence in Ukraine by launching Otodim in May 2026. This is a specialized real estate platform designed to serve this market and expand access to verified listings for buyers, renters, and professional market participants across the country.

Leading AI Solutions

Over the course of the year, OLX Group invested $30 million in AI-based solutions, and since 2018, total investments have exceeded $200 million. The company has implemented over 85 AI-powered projects and 12 generative AI solutions on its platforms.

AutoIQ, an operating system for car dealers, helps them make smart decisions regarding pricing and inventory, resulting in a weekly retention rate of 21%. AI-powered matching in the “Jobs” category accounts for 59% of all interactions, with 63% of employers responding within five minutes of receiving a match. In the “Real Estate” category, AI-powered listing tools reduce listing time by 50%, and CompassGPT enables conversational search for buyers.

These services boost efficiency, drive automation, improve the customer experience, and generate 8–10% more premium leads, the value of which is now included in product packages.

Changes to the portfolio reflect a strategic focus

In fiscal year 2026, OLX Group expanded its presence in Western Europe by acquiring the French automotive platform La Centrale, complementing the company’s existing portfolio of automotive products in an attractive market. This deal demonstrates OLX’s ability to acquire leading vertical platforms and rapidly implement its product and AI solutions to scale. This resulted in a 13% increase in traffic and a 30% increase in leads compared to the previous year.

The company divested non-core assets in Uzbekistan and Kazakhstan, as well as the Polish service platform Fixly and the Romanian real estate financing platform Kiwi Finance, strengthening its strategic focus on fast-growing markets and core categories.

Outlook for Fiscal Year 2027

OLX Group began fiscal year 2027 with strong momentum for growth. AI-powered solutions are delivering real value to customers, core categories continue to strengthen, and the integration with La Centrale is ahead of schedule. The company is well-positioned to deliver further growth and margin expansion throughout the year.

About OLX Group

OLX is a global leader in digital marketplaces, creating AI-powered trading platforms for people. Its services are trusted by millions of people, professional market participants, and businesses across Europe and South Africa. By leveraging its scale and powerful AI solutions to develop its proven brands, OLX helps people buy and sell cars, find housing, find jobs, buy and sell home goods, and more. OLX Group is a classifieds platform business owned by Prosus. Prosus is a global technology company that owns leading lifestyle e-commerce brands in Latin America, Europe, and India. For more information about OLX, visit www.olxgroup.com

The transaction was completed on November 17, 2025.

OLX Group signed agreements to sell its assets in Uzbekistan on August 4, 2025, in Kazakhstan on October 21, 2025, and Fixly on October 29, 2025. The company completed the sale of Kiwi Finance on August 1, 2025.