OLX Group's stellar performance in the fiscal year ending March 31, 2026, has been marked by a sizeable 28% jump in global revenue, catapulting the company to $992 million. This impressive growth is underpinned by a significant 53% increase in adjusted EBITDA and an eight percentage point expansion of profit margins, demonstrating OLX's enhanced operational efficiency.
The driving force behind this financial powerhouse is OLX's strategic focus on its core categories: motors, real estate, and jobs. Collectively, these segments account for a substantial 71% of the company's total revenue. The motors category has emerged as a standout performer, with revenues climbing 42%, bolstered in part by the acquisition of La Centrale, a French motors platform. Meanwhile, real estate delivered strong growth, with revenues up 26%, while the jobs category showed resilience with a 14% increase, overcoming challenging market conditions through product enhancements.
At the heart of OLX's success lies its sustained investment in artificial intelligence (AI), described by CEO Christian Gisy as 'the operating system' of their business. During the fiscal year, OLX poured $30 million into AI capabilities, taking its total AI investment since 2018 to over $200 million. This substantial investment has led to the deployment of more than 85 AI use cases and 12 generative AI solutions, enhancing product quality and customer outcomes across its platforms. Notable examples include AutoIQ for motor dealers, AI matchmaking in jobs, and AI-powered posting tools in real estate that halve listing times.
Strategically, OLX expanded its presence in Western Europe through the acquisition of La Centrale, a move designed to complement its existing motors portfolio. This deal has already shown early signs of success, with a 13% increase in traffic and 30% more leads generated year-over-year. Concurrently, the company divested from non-core assets in Uzbekistan and Kazakhstan, along with Polish services platform Fixly and Romanian real estate finance platform Kiwi Finance, to sharpen its strategic focus on high-growth markets and core categories.
These developments underscore a period of strategic consolidation and technological advancement for OLX. The company is poised to maintain strong momentum into the next fiscal year, driven by its effective AI tools, strengthening core categories, and successful integration of recent acquisitions.
Source: OLX Group