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Mar 31, 2023
RealReal Q1 2023 Earnings Report
The company reported increased gross merchandise value and consignment revenue, but experienced a decrease in total revenue.
Key Takeaways
The RealReal announced its Q1 2023 results, with GMV increasing by 4% year-over-year and consignment revenue growing by 22%. However, total revenue decreased by 3% compared to the same period in 2022. The company is focused on higher margin consignment business and minimizing lower-value consigned items.
Gross Merchandise Value increased 4% year-over-year.
Total Revenue decreased 3% year-over-year.
Consignment Revenue grew 22% year-over-year.
Gross Profit increased by $11 million compared to the same period in 2022.
Revenue by Segment
Forward Guidance
The company provided guidance for Q2 and full year 2023 GMV, total revenue, and Adjusted EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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