Russian online retailer Ozon has punlished its financial results for the third quarter of 2021. The company's revenue grew to $569.5 million (41.5 billion rubles), an increase of 85% year-on-year. Sales of goods brought in $374.5 million (27.3 billion rubles), while the revenue of services was $194 million (14.2 billion rubles).

Adjusted EBITDA loss increased to $345.7 million (25.2 billion rubles). This was due to the large-scale investments in infrastructure, as well as active spending on IT development, marketing, and research and development work, Ozon said in a statement.

Ozon

The total turnover from sales in the period from January to September amounted to $3.7 billion (271.4 billion rubles), a 123% spike compared to the same period in 2020. The number of orders for the first nine months of 2021 increased by 196% to 131.2 million units. In the third quarter, this figure increased by 239% (56.2 million units).

Ozon

In August 2021, Ozon announced plans to take control of a third of Russia’s e-commerce market after releasing the second-quarter financial results for 2021, with the company's GMV increasing 94% year-on-year. Ozon expects its GMV to grow 110% by the end of the year, up from 100% previously. /

Original (in Russian)