Craigslist

Craigslist revenue rebounds; traffic decline continues

ALTAMONTE SPRINGS, Florida., February 8, 2022 /PRNewswire/ — Craigslist revenue rebounded in 2021 due to buoyant labor market, but still down more than a third from pre-pandemic total $1 billion every year, a new report from the AIM group shows it.

Craigslist generated an estimate $660 million revenue last year, up 17% from 2020. Most of the growth came from a 30% increase in job postings and 75% increase in gig postings. But traffic fell to 277 million monthly visits in November, a third of its traffic peak in 2017.

The 27-year-old for-profit company, based in San Francisco, employs about 50 people. It charges for ads including jobs, gigs, automobiles, services, and items for sale. Most fees are low, from $3 at $75.

“A lot of people think Craigslist is gone or all of its ads are free,” said Peter M. Zollman of the AIM group. “But it’s still a powerhouse, and it’s in a close race with Avito in Russia as the world’s No. 1 site ranked by traffic.

“Even though its revenue has rebounded a bit, Craigslist isn’t what it used to be.”

AIM Group has estimated Craigslist revenue since 2003, when it was just $7 million. Its profit margins are projected at 70% to 80%.

The AIM Group Craigslist Report 2022, available for $595 at AIMGroup.comalso reviews the main competitors of Craigslist in the United States: Facebook Marketplace, Mercari, Nextdoor and OfferUp.

Craigslist revenue estimates are developed with an extensive manual tally of tens of thousands of listings. Buyers can receive comprehensive market-by-market spreadsheets showing category revenue and city/state totals for 2021 and 2020.

Note to editors: Free copies of the report are available for the cover; call 1-407-788-2780 or email [email protected] Principal Founder of AIM Group Peter M. Zollman is available for interviews.

The A.I.M. group provides global business intelligence services – news and analysis, conferences and advice – for the automotive, real estate, recruitment and horizontal markets and classified sites. We work at senior levels with market companies, investors and suppliers, advising them on strategic and operational opportunities and challenges. We are a global team of over 40 people who follow the changing marketplace and classified industry more deeply than anyone. We publish the AIM Group Marketplaces Report and host leading global conferences in the recruitment, automotive and online markets. Founded in 1998, the AIM group is based in Altamonte Springs, Florida. For more information, visit AIMGroup.com or call 1-407-788-2780.

AIM SOURCE Group

.

#Craigslist #revenue #rebounds #traffic #decline #continues

Related Articles

Back to top button