Trade Me says it's on track to achieve its prospectus forecast, even though the economic upturn predicted at the time of the company's float has not yet arrived.
Shares in the company fell 21 cents to close at $4.24 each on Tuesday.
The company told investors at its first annual meeting that earnings guidance for the six months to the end of December is in line with the prospectus, but it is dependent on its Christmas activity.
Chairman David Kirk said trading has been stable. He said mobile phones are now the fastest-growing way of accessing the website.