Vinted posts first profit after ‘strong’ year of growth
Online marketplace Vinted has posted a “strong” year of growth after it reached profitability for the first time and reported a surge in revenue.
The Lithuanian marketplace reported adjusted EBITDA of €76.6m (£65.5m), while net profit in 2023 reached €17.8m (£15.2m), up from a net loss of €20.4m (£17.5m) the previous year.
Vinted also posted a 61% increase in revenue year on year to reach €596.3m, up from €370.2m in 2022.
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