earnings
confidence high
sentiment neutral
materiality 0.75
REAL Q3 GMV $441M (+20%), revenue $143M, net loss $(47.3)M; guides Q4 rev $145-165M
TheRealReal, Inc.
2022-Q3 EPS reported
-$1.66
revenue$443,838,000
- Q3 GMV $441M (+20% YoY), revenue $143M (+20% YoY); net loss $(47.3)M vs $(57.2)M prior year.
- Adjusted EBITDA loss narrowed to $(28.2)M (19.7% of rev) from $(31.5)M (26.5%).
- Active buyers 950k (+23% YoY), orders 952k (+26% YoY), AOV $463 (-5%).
- Q4 2022 guidance: GMV $480-510M, revenue $145-165M, Adj EBITDA $(27)-(23)M.
- Strategic initiatives: revamp consignor commission, optimize pricing, cost cuts, new revenue streams (warranty, ad tech, data); small workforce reduction in Q4.