The RealReal’s Strategic Adjustment Yields 22% YoY Growth in Consignment Revenue in Q1

5月 29, 2023

Recently, the leading US luxury secondhand e-commerce platform, The RealReal Inc., announced its key financial data for the first quarter of 2023. The gross merchandise value (GMV) increased by 4% YoY to $444 million, while total revenue decreased by 3% YoY to $142 million. The adjusted EBITDA loss improved to $27.3 million, a reduction of $8 million compared to the same period last year.
John Koryl, CEO of The RealReal, stated, “During the first quarter of 2023, we made progress on our financial and operating results. For the quarter, revenue exceeded the mid-point of our guida …