earnings
confidence high
sentiment positive
materiality 0.75
Rent the Runway Q3 revenue up 4.7% to $75.9M; returns to subscriber growth, reiterates FY FCF breakeven
Rent the Runway, Inc.
2024-Q3 EPS reported
-$15.12
revenue$229,800,000
- Revenue $75.9M (+4.7% YoY); net loss narrowed to $(18.9)M from $(31.5)M.
- Ending Active Subscribers 132,518 (+1% YoY), first YoY growth.
- Adjusted EBITDA $9.3M vs $3.5M YoY; margin 12.3% vs 4.8%.
- Free cash flow consumption $9M for 9 months, $38M lower YoY; reiterates FY FCF breakeven.
- Q4 revenue guidance $74.4M-$80.3M; FY revenue growth 2%-4%.