欧洲互联网指南：本周关键动态与亮点标的

Weekly European Internet guidebook covering Online Classifieds, UK SMID, eCommerce & Others, and Online/Outdoor Advertising. Vend reported Q3 2026 results with revenue slightly below consensus but Group adjusted EBITDA ahead; management raised its cost-savings target to NOK 250m from NOK 150m, narrowed FY26 Mobility guidance to the low end of the MSD-HSD range, and lifted the valuation of its Adevinta stake to NOK 11.1bn after removing the 15% peer discount. The Classifieds subsector fell 1% (Rightmove -4%, Hemnet -3%, Vend +2%). Online Advertising fell 2%, with OOH SSP VIOOH partnering with Adams Outdoor Advertising to extend programmatic inventory to over 470 US digital billboards. UK SMID rose 1%: FitzWalter Capital requisitioned a General Meeting to remove ATG's Chairman, while Informa cut FY26 revenue guidance to c.3% underlying growth, prompting earnings downgrades alongside a reiterated constructive view. eCommerce & Others was broadly flat;