Revenues grow to €47m at operator of Daft.ie and DoneDeal

Brian and Eamonn Fallon set up the Daft.ie website. Photo: Mark Condren

Pre-tax profits at the operator of Daft.ie and DoneDeal.ie last year declined by 38pc to €7.55m due to higher costs.

New group accounts filed by Distilled Ltd show pre-tax profits fell, despite revenues rising by 14pc from €41.38m to €47m in 2024.

Brothers Eamonn and Brian Fallon, who set up property website Daft.ie, each have a 17pc share in Distilled.

Accounts show Distilled Ltd paid out dividends of €17.3m this year and €11.5m in 2024. These follow generous dividend payouts made in previous years.

In a deal last November, the entire Distilled business was valued at €624m after European online classifieds group ­Adevinta sold its 50pc stake in Distilled

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