Welcome to our dedicated page for 1Stdibs.Com news (Ticker: DIBS), a resource for investors and traders seeking the latest updates and insights on 1Stdibs.Com stock.
1Stdibs.Com, Inc. (DIBS) operates a premier online marketplace for luxury vintage and contemporary design. This news hub provides investors and design professionals with essential updates on corporate developments, strategic partnerships, and market positioning in the high-end goods sector.
Access timely press releases and curated financial news covering earnings reports, leadership announcements, and operational milestones. Our repository ensures stakeholders stay informed about DIBS' evolving role in connecting collectors with rare furniture, fine jewelry, and exclusive art pieces through its authenticated platform.
Key updates include quarterly financial performance, designer collaborations, technological enhancements to the marketplace, and industry recognition. Bookmark this page for direct access to primary source materials that illuminate 1Stdibs' unique position at the intersection of luxury e-commerce and curated design experiences.
1stDibs (NASDAQ: DIBS), the online marketplace for luxury design products, released its financial results for Q2 2024.
Key highlights include:
- Net revenue: $22.2 million, up 6% YoY
- Gross profit: $15.9 million, up 9% YoY
- Gross margin: 71.7%, up from 69.8% in Q2 2023
- GAAP net loss: $4.4 million, improved from $8.3 million in Q2 2023
- Adjusted EBITDA: $(1.6) million, improved from $(4.6) million in Q2 2023
- Cash and equivalents: $110.6 million
CEO David Rosenblatt highlighted growth in GMV, revenue, orders, and conversion rates. CFO Tom Etergino noted improved monetization, margins, and reduced operating expenses.
Q2 2024 GMV was $91.5 million, up 2% YoY, with 34K orders, up 5% YoY. However, active buyers dropped by 6% to 61K. Q3 2024 guidance includes GMV between $84 million - $91 million, net revenue between $20.8 million - $22.1 million, and Adjusted EBITDA margin between (15%) - (10%).
1stDibs (Nasdaq: DIBS), a leading marketplace for extraordinary design, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens. The company will host an earnings webcast at 8:00 a.m. Eastern Time on the same day to discuss the results. Both the press release and webcast will be accessible through the 1stDibs Investor Relations website. A replay of the webcast will be available for one year following the conference call.
1stDibs is an online marketplace that connects design enthusiasts with sellers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches, and fashion.
1stDibs (Nasdaq: DIBS), a prominent online marketplace for design, has completed its $25.2 million share repurchase program. The company bought back approximately 4.9 million shares at an average price of $5.12 per share. This includes 3.0 million shares repurchased from Insight Partners at an average price of $5.23 per share in a private transaction. CEO David Rosenblatt stated that this move enhances shareholder value and positions the company for future growth while maintaining a strong cash position.
1stdibs.com, Inc. (NASDAQ: DIBS) reported their first quarter financial results for 2024, showcasing a decrease in net revenue to $22.1 million (1% YoY decrease), an increase in gross profit to $16.0 million (7% YoY increase), and a decrease in GAAP net loss to $3.3 million compared to $8.1 million in Q1 2023. The company's gross margin improved to 72.5%, and their Cash, cash equivalents, and short-term investments totaled $134.2 million as of March 31, 2024.
The CEO highlighted progress against key goals, with improvements in demand metrics, conversion rates, GMV, and order growth. The CFO noted a stronger financial foundation, with improved take rates, expanded gross margins, lower operating expenses, and higher Adjusted EBITDA Margins.
However, some metrics saw declines, such as GMV at $91.7 million (6% YoY decrease), number of orders at approximately 35K, and active buyers at approximately 61K (9% YoY decrease).
The Company's Q2 2024 guidance includes GMV of $85 million - $92 million, net revenue of $21.0 million - $22.3 million, and Adjusted EBITDA margin of (14%) - (9%).
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