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Story summary
- Trade Me recorded a $138 million write-down for its marketplace business unit that sells new and used goods.
- Titan Parent, the unit’s parent company, reduced the unit’s goodwill value from $275 million in 2024 to $137 million, citing restrained short-term future growth.
- Revenue for the marketplace unit declined to $66 million in 2025, down from $75 million in 2024 and $90 million in 2022.
- The brand value of the marketplace remains unchanged at $177 million.
