The Bank of Russia has included Avito Finance JSC in the register of financial platform operators. This is reported on the Central Bank's website.
Avito is an online service for posting ads about goods, real estate, vacancies and resumes on the labor market, as well as services from individuals and companies. The products offered for sale on Avito may be new or used. The ultimate beneficiary of the company is Ivan Tavrin.
The company's revenue for 2023 amounted to 101 billion rubles, an increase of 60% over the year. The main revenue came from the ad promotion service (34 billion rubles), as well as the ad placement service (17 billion rubles). Among the expenses, the largest were website maintenance (20.5 billion rubles) and advertising (11.9 billion rubles). Net profit for the year increased 2.3 times and amounted to 39.3 billion rubles.
