Ozon has reached operating breakeven for the first time, as announced in this year’s fiscal second quarter report. The report also inspired investors on other indicators, after which market shares on the Moscow Stock Exchange grew by 10%.
Ozon added almost all the key indicators. Year-over-year quarter revenue rose 58% to 58.5 billion rubles, of which advertising more than tripled to 4.8 billion rubles. Buyers increased by 67% (30.7 million), sellers – by almost 200% (150 thousand).
Ozon nearly doubled its turnover for goods and services, to RUB 170.6 billion. Adjusted EBITDA in place of a loss of 9.1 billion rubles in the second quarter of 2021 increased to 0.2 billion rubles in the reporting quarter. Ozon’s losses were cut in half to 7.2 billion rubles.
Ozon explained operating break-even point by scaling the business and optimizing operating expenses.
The Ozon report inspired investors: market shares on the Moscow Stock Exchange, according to current data at the time of publication, add up to 9.3%.
Today, August 23, Ozon issued a notice of potential technical breach. The company has deferred coupon payments on $750 million bonds due 2026.
Author:
Kirill Bilyk
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
