The RealReal announced strong Q1 2022 results, exceeding expectations for both revenue and earnings. GMV increased by 31% year-over-year, and total revenue increased by 48% year-over-year. The company confirmed its full-year 2022 guidance.
Gross Merchandise Value (GMV) increased 31% year-over-year to $428 million.
Total Revenue increased 48% year-over-year to $147 million.
Net Loss was $57 million, compared to $56 million in the same period in 2021.
TTM active buyers reached 828,000, an increase of 21% compared to the same period in 2021.
The company provided guidance for Q2 and confirmed full year 2022 guidance.
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