It is learned that according to foreign media reports, the US second-hand e-commerce platform (the US version of "Xianyu") Poshmark recently announced its financial results for the first quarter of 2022. The report shows that the company's revenue this quarter was US$90.9 million, a year-on-year increase of 13%, exceeding expectations. “In the first quarter of this year, we continued to innovate for buyers and sellers and launched more shopping features,” said Manish Chandra, founder and CEO of Poshmark. “Investments in product innovation and marketing helped the company grow its active buyers to 7.8 million in the quarter, up 16% from the same period last year.” It is learned that in the twelve months ending March 31, 2022, Poshmark's social interactions increased 59% year-on-year to a record 50.7 billion times. I. Key indicators and financial highlights 2. Business Highlights 3. Outlook Due to the uncertainty of the market economy, Poshmark remains cautious about its development prospects in the second quarter. Poshmark predicts that the revenue in the second quarter of 2022 will be approximately US$86 million to US$88 million, and the adjusted EBITDA range will be approximately US$9 million to US$11 million. In the future, Poshmark will continue to invest in advertising, R&D, marketing, talent and a strong operating mechanism to further improve its development. Editor ✎ Nicole/ Disclaimer: This article is copyrighted and may not be reproduced without permission. |
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