NOTE 16 – REVENUE

The analysis of revenue for the years ended 31 December 2024, 2023 and 2022 is as follows:

(*)Marketplace revenues mainly consist of marketplace commission, transaction fees and other contractual charges to the merchants.

(**)Other revenues mainly include advertising revenues amounting to TRY1,345,674 thousand (2023: TRY807,296 thousand; 2022: TRY413,370 thousand), subscription service revenues amounting to TRY1,002,147 thousand (2023:TRY287,655 thousand; 2022: 31,112 thousand), fulfilment revenues, interest revenues and other commissions.

The Group derives revenue from the sales of goods and marketplace revenues at a point in time, at the completion of the order delivery. Delivery service revenues are recognized over time. Fullfilment, subscription service and advertising revenues included in other revenues are recognized over time and other commissions included in other revenues are recognized at a point in time. All contracts are for periods of the expected original duration of one year or less.

The Group’s revenues are generated in Türkiye, therefore no disaggregated geographical information is presented.