Allegro, a leading Polish e-commerce company, ended Q4 2023 with impressive results, including a 12.5% increase in adjusted EBITDA to PLN 751.8 million, surpassing analysts' expectations. Revenue grew by 0.6% to PLN 3.1 billion, aligned with forecasts. Despite a smaller-than-expected net loss of PLN 233.6 million and market challenges, including asset write-downs, the company's gross merchandise value (GMV) rose by 6.8% to PLN 15.9 billion, with a notable 8.5% growth in Poland. Active buyer count on Allegro reached 14.6 million, and Allegro Pay's loan value increased by 50% to PLN 6.7 billion, indicating strong market position and growing consumer trust despite financial hurdles.
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