Revenue Growth DecelerationLatest-year revenue growth has slowed to single digits, signaling reduced top-line momentum. For a classifieds platform, slower revenue growth may limit scalability benefits, constrain reinvestment in product development and marketing, and challenge long-term EPS expansion.
Geographic ConcentrationHeavy reliance on three small national markets concentrates exposure to local economic cycles, regulatory shifts, and competitive moves. Limited geographic diversification can materially amplify revenue and profitability volatility versus peers with broader footprints.
Market Sensitivity In EstoniaManagement has already revised guidance because of specific Estonian market issues, showing structural sensitivity to a core market. Continued local headwinds could persistently dampen growth and force strategic shifts or higher marketing spend to regain traction.