1stDibs Expects Q2 Net Revenue Of $21M-$22.3M, Est $20.867M
Portfolio Pulse from Benzinga Newsdesk
1stDibs projects its Q2 net revenue to be between $21M and $22.3M, surpassing the estimated $20.867M. The company anticipates a Q2 Gross Merchandise Value (GMV) of $85M to $92M, with an Adjusted EBITDA margin ranging from (14%) to (9%).
May 08, 2024 | 11:28 am
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1stDibs expects its Q2 net revenue to exceed estimates, with a projected range of $21M to $22.3M and a GMV of $85M to $92M. The Adjusted EBITDA margin is anticipated to be between (14%) and (9%).
The positive revenue forecast exceeding analyst expectations suggests a bullish outlook for 1stDibs in the short term. The anticipated improvement in GMV and Adjusted EBITDA margin further supports potential stock price appreciation.
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