- RealReal Inc REAL said it expects Gross Merchandise Value (GMV) for FY25 to be more than $5 billion.
- The luxury goods resale marketplace aims to garner more than $1.5 billion in FY25 revenue and above $100 million in adjusted EBITDA.
- Robert Julian, CFO, stated, "As we previously committed, we are targeting positive Adjusted EBITDA for full year 2024, based on strong top-line growth, operational excellence and fixed-cost management."
- The company's FY21 GMV was $1.48 billion, an increase of 50% compared to FY20. Total revenue was $468 million for FY21 with Adjusted EBITDA of $(126.9) million.
- Price Action: REAL shares are trading lower by 0.62% at $8.05 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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