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Despite a drop in revenue and wider net loss, Rent the Runway showed early signs of turnaround with the highest-ever ending active subscribers and improving customer retention metrics.
For Q2 FY25, Rent the Runway expects revenue between $76M and $80M and Adjusted EBITDA margin between -2% and +2%. It also reiterated full-year guidance for double-digit active subscriber growth and negative free cash flow between $30M and $40M.
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