Revolve Group Announces Third Quarter 2024 Financial Results
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Revolve Group, Inc. (NYSE: RVLV) reported strong financial results for Q3 2024, with a 10% increase in net sales and a 238% rise in net income year-over-year. Despite a decrease in free cash flow, the company showed significant growth in adjusted EBITDA and active customers.
November 05, 2024 | 9:15 pm
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Revolve Group reported a 10% increase in net sales and a 238% rise in net income for Q3 2024. Adjusted EBITDA grew by 85%, indicating strong operational performance. However, free cash flow decreased by 46%.
The significant increase in net sales and net income, along with the growth in adjusted EBITDA, suggests a positive short-term impact on RVLV's stock price. The decrease in free cash flow is a concern but is outweighed by the overall strong financial performance.
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