DoneDeal made €29k a day in 2015

Revenues at DoneDeal last year soared to about €29,000 every day bring total revenues to more than €10.5m.

The website was established in 2004 as an online classifieds website by husband and wife team Fred and Geraldine Karlsson.

Yesterday, the firm confirmed that in 2015 DoneDeal saw 2.53 million ads on its site with an average of 211,000 ads per month, representing an increase of more than 33% on 2014 figures.

By the end of last year, the website was attracting more than 600,000 visitors on average each day.

This translated into revenues increasing by €1m or 10% going from €9.5m to €10.5m.

The new accounts show that the firm, Done Deal Ltd behind Ireland’s largest online classified website was able to pay €2.8m in dividends to its shareholders as revenues continued to increase.

And revenues and earnings at the firm behind DoneDeal are expected to increase significantly this year.

That is according to the CEO of Done Deal Ltd, John Warburton who was commenting on new accounts for 2015 showing that the company made a modest loss of €2,250.