Rent the Runway Q2 revenue $78.9M (+4.2% YoY), raises FY24 revenue guidance

Rent the Runway, Inc.

2024-Q2 EPS reported -$10.18 revenue$153,900,000

Revenue $78.9M, up 4.2% YoY; net loss $15.6M vs $26.8M loss last year.
Adjusted EBITDA $13.7M (17.4% margin) vs $7.7M (10.2%) last year.
Raised FY24 revenue growth guidance to 2-6% from prior; reaffirms FCF breakeven.
Ending Active Subscribers 129,073 (-6% YoY); Average Active Subscribers 137,455 (-3%).
Free cash flow consumption improved $24M YoY to $6M in 1H 2024.

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