Trade Me: Interim result 2015

There aren't many businesses where you'd be happy to see margins fall, but Trade Me might be one of them.

Trade Me has produced another period of healthy revenue growth, powered by its online classifieds businesses … and another period of weak profit growth. While revenue rose 7% excluding MotorWeb (the online motor vehicle data business acquired in Dec 2013), earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 3%, as the margin shrank from 71% to 68%.


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