Adevinta leads STOXX after Q3 outperformance

Adevinta ASA

24/11/2022 10:49

** Shares in Adevinta  ADEA.OL  rise 7% after the world's
largest classified ads company published strong Q3 results
    ** "The keynotes of the Q3 headlines suggest recovery and
focused execution," Jefferies says, noting all segments
outperformed on both revenue and EBITDA
    ** Adevinta reports Q3 revenue of EUR 408 mln ($424.4 mln)
vs estimate of EUR 403 mln, with accelerated core markets
revenue growth at 12% YoY
    ** Jefferies says the core markets revenue growth is pulling
YTD figures into 2022 guidance territory, with Transactional
performing particularly well
    ** Adevinta is the best performer on Europe's STOXX 600
 .STOXX  index
($1 = 0.9614 euros)
 (Reporting by Agnieszka Gosciak-Rabalska)
 ((Agnieszka.Gosciak@thomsonreuters.com))