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 has released its Luxury E-Commerce Report for 2024, highlighting significant trends across luxury verticals including art, furniture, jewelry, fashion, and handbags. The report reveals notable growth in several areas: Mid-century Modern furniture searches increased by 18 positions, while the Togo chair by Michel Ducaroy jumped 62 positions in chair searches.
Key sales highlights include a Taito Brass Ceiling Light priced at $242,922 and a 7-Carat Cushion-Cut Diamond Ring listed at $1,000,000. In fashion, Bottega Veneta handbag orders grew 76% year-over-year, while Hermès saw a 57% increase. The platform noted strong performance in heritage jewelry brands, with Tiffany & Co. leading sales with 41% order growth. Art sales were dominated by blue-chip artists like Salvador Dalí and Pablo Picasso, while Impressionism rose to third place in popularity.
1stDibs has released its eighth annual Interior Designer Trends Survey, revealing key design trends for 2025 based on responses from 643 interior designers worldwide. Chocolate brown emerges as the top color choice for 2025, chosen by 32% of designers, while Murano-glass lighting gains popularity with 27% support.
Key findings include the continued dominance of curvy and irregular shapes (47%), the decline of home office renovations (13% from 32% in 2023), and kitchens becoming the most requested renovation projects (61%). The survey also indicates a growing interest in Art Deco and Bauhaus aesthetics, while mid-century modern designs show declining popularity.
Regarding sustainability and technology, 43% of projects are expected to have sustainability requirements in 2025, while AI adoption in design processes is projected to increase from 16% to 24%.
1stDibs (NASDAQ: DIBS) reported Q3 2024 financial results showing mixed performance. Net revenue increased 3% year-over-year to $21.2 million, while gross profit decreased 1% to $15.0 million. The company reported a GAAP net loss of $5.7 million, wider than the $3.3 million loss in Q3 2023. Gross Merchandise Value (GMV) decreased 5% to $84.6 million, though orders increased 7% to 33K. The company maintains strong liquidity with $109.4 million in cash and investments. The Board approved a new $10.0 million stock repurchase program in August 2024. For Q4 2024, 1stDibs projects revenue between $21.4-22.7 million with an Adjusted EBITDA margin of (17%)-(13%).
1stdibs.com, Inc. (Nasdaq: DIBS), a leading marketplace for extraordinary design, has announced plans to release its third quarter 2024 financial results on Friday, November 8, 2024. The results will be disclosed in a press release before the market opens, accessible via the company's Investor Relations website. Additionally, 1stDibs will host an earnings webcast at 8:00 a.m. Eastern Time on the same day to discuss the results. The webcast can be accessed through the Investor Relations website, with a replay available for one year thereafter.
1stDibs is described as a premier online marketplace that connects design enthusiasts with sellers and makers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches, and fashion.
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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