Russian e-commerce giant Ozon has announced an impressive revenue surge, exceeding 500% growth in 2024. The company’s revenue reached 40.1 billion rubles ($459.34 million), driven by improved monetization of its marketplace operations and the expansion of its fintech services.
Ozon Achieves Record EBITDA of $432.3 Million
Ozon reported a record-breaking adjusted earnings before interest, tax, amortization, and depreciation (EBITDA) of 40 billion rubles ($432.3 million). The company expects its adjusted EBITDA to rise to 70-90 billion rubles in 2025, reflecting confidence in its ongoing growth trajectory. This remarkable financial performance signals profitability, economic recovery, and a stable foundation for further development.
Marketplace Growth and Fintech Expansion Fuel Success
Ozon’s strong financial results underscore its evolving business model. The company has taken significant steps to enhance revenue from third-party sellers by refining commission structures, expanding advertising solutions, and optimizing logistics services.
Additionally, Ozon’s fintech division has played a pivotal role in boosting profitability. The company has significantly broadened its financial services, including consumer lending, payment solutions, and digital wallets, further strengthening its market position.
“Our outstanding 2024 performance reflects the strength of our platform and the effectiveness of our strategic investments,” said Ozon CEO Alexander Shulgin. “We remain committed to delivering innovative solutions for both sellers and consumers, ensuring long-term growth.”
Ozon’s 2025 Ambitions
Global marketplace has set ambitious financial goals for 2025, aiming to elevate its adjusted EBITDA to between 70 and 90 billion rubles. With a rapidly expanding customer base and a strong focus on technological innovation, the company is solidifying its presence in e-commerce and digital payments.
As Russia’s online retail sector continues its upward trajectory, marketplace is well-positioned to capitalize on new opportunities and sustain its growth momentum. The company’s commitment to expansion and innovation places it among the key players shaping the future of global e-commerce.
