Meaning of the word "newly established" in English

What does "newly established" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

newly established

US /ˈnuːli əˈstæblɪʃt/
UK /ˈnjuːli əˈstæblɪʃt/
"newly established" picture

Adjective

recently created or founded

Example:
The newly established company is already making a profit.
They moved into a newly established neighborhood.