Vend Marketplaces posts Q4 2025 pre-silent newsletter

Vend Marketplaces ASA has published a pre-silent newsletter for investors and analysts, offering an update on recent key messages, developments, and October-November 2025 volume data. The company expects continued solid ARPA momentum, though volume trends remain difficult to predict. It anticipates a temporary EBITDA headwind of up to NOK 100 million in 2026 within Other/Headquarters due to the phasing out of temporary service agreements and reduced costs from divested non-core assets.

The newsletter details a successful Blocket platform migration in Sweden, which may affect Mobility volumes and requires financial re-statements for 2025 related to spare parts/accessories moved to Recommerce. Go-to-market initiatives include pricing changes in Norway's FINN Mobility, the launch of dealer packages in Sweden's Blocket, and a shift to a pay-per-ad model for Bilbasen in Denmark.

In Real Estate, FINN Norway announced pricing changes, and Oikotie Finland shifted to a monthly fee per office. For Jobs, FINN Norway will launch "Pluss fra FINN jobb" and implement CPI-based price adjustments. Ad volume data for October-November 2025 show varying trends, with notable increases in Norway's Recommerce GMV (NOK 428m, 13% YoY) and Finland's Recommerce GMV (€12m, 46% YoY).