"Vinted's annual revenues reached €1.1 billion, marking a 38% increase from the previous year, as consumers increasingly turn to second-hand clothing."
"The platform's gross merchandise value climbed 47% to €10.8 billion, highlighting the significant shift towards pre-owned goods in consumer behavior."
"Vinted's zero-commission model allows sellers to keep all their sale proceeds, attracting a wide range of users, including celebrities and everyday households."
"Despite strong revenue growth, adjusted earnings before interest, tax, and amortisation fell 5% to €151 million, attributed to heavy investments in Germany."
Vinted, an online marketplace founded in Lithuania, reported a 38% increase in annual revenues to €1.1 billion, driven by a shift towards second-hand clothing. The platform's gross merchandise value rose 47% to €10.8 billion. Vinted's zero-commission model has attracted a diverse user base, including celebrities and everyday consumers. The company has expanded its offerings beyond clothing to include games, books, and sports equipment. However, adjusted earnings and net profit declined due to investments in Germany and the expansion of Vinted Go.
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