Wallapop's turnover is expected to reach 101 million in 2024, up 13% and reducing losses to 25 million.

Wallapop generated €101 million in revenue for the 2024 fiscal year, a 13% increase compared to the €89 million it generated the previous year. In a statement, the Barcelona-based company claims it has reduced losses to €25 million, 18% less than the previous year.

In the Spanish market, Wallapop claims it has posted a profit for the first time since it began operating in 2013. In its statement, the company explains that the red ink is due to strategic investments, including the development of its platform and its expansion into Italy and Portugal.

The Barcelona-based platform has been acquired by the South Korean group Naver.

This summer, Wallapop was acquired by the Naver Group, a South Korean technology giant, which already controlled 30% of the company and paid around €377 million to acquire the 70% it didn't yet own. The transaction is subject to regulatory approval. The new owner's goal is to continue promoting Wallapop in these southern European countries and drive the business toward profitability in the next fiscal year.

Currently, the secondhand goods buying and selling platform has 19 million users. The main source of revenue is charging users for the e-commerce service. Specifically, this division generated €74 million in 2024, a 12% increase. Some users also pay to gain visibility within the app, a service that generated €22 million, a 28% increase.

The company employs approximately 300 people in Barcelona, ​​working under the leadership of CEO Rob Cassedy. “Wallapop is now entering a new and exciting chapter. With Naver's support, the company will accelerate its growth and innovation capabilities, unlocking significant potential to lead the market in Southern Europe,” the executive said.

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