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Norway's Adevinta returns to growth in Q3 as markets recover

Norway's Adevinta, which is in the process of taking over eBbay's online classifieds business, saw a rebound in third-quarter revenue as advertising markets gradually recovered from the coronavirus pandemic, it said on Tuesday.

OSLO, Oct 27 (Reuters) - Norway's Adevinta ADEV.OL, which is in the process of taking over eBbay's EBAY.O online classifieds business, saw a rebound in third-quarter revenue as advertising markets gradually recovered from the coronavirus pandemic, it said on Tuesday.

The Oslo-listed company's July-September revenue rose 1.6% year-on-year to 183.3 million euros ($216.64 million), in line with a preliminary Oct. 19 statement and beating the 16% drop seen in the April-June quarter.

($1 = 0.8461 euros)

(Reporting by Terje Solsvik, editing by Gwladys Fouche)

((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters Messaging: terje.solsvik.thomsonreuters.com@reuters.net))

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