Allegro Group’s Q3 23 results were 0.2% (on revenues + EBIT) and 16% (on net income) better than the market had expected. At the group level, GMV (9% vs. 8-9%), adj. EBITDA growth (+26% vs. 23-25%) and revenues (+4.9% vs. 3-5%) all performed in-line or better than the company’s guidance. However, the weak expectations for Q4 led to a massive sell-off on the release day of the 9M 23 report.
