1stDibs Q3 revenue rises 5%, net loss narrows

Overview

• Online luxury marketplace's preliminary Q3 revenue rose 5% yr/yr to $23.1 mln

• Company posted GAAP net loss of $1.2 mln, narrower than prior year

• Board authorized up to $5 mln share buyback

Outlook

• Company sees Q4 2026 GMV between $89 mln and $95 mln

• 1stdibs expects Q4 2026 net revenue of $22.2 mln to $23.4 mln

• Company forecasts Q4 2026 adjusted EBITDA margin of 1% to 4%

Result Drivers

• PRODUCT IMPROVEMENTS - Co said product enhancements helped drive order growth and share gains despite softness in high-end furniture market

• GMV INCREASE - Co said gross merchandise value rose 4% yr/yr to $92.6 mln

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for 1stdibs.Com Inc is $7.00, about 25.9% above its November 4 closing price of $5.56

Reuters Recommended Reads

• Nov 3 - Online fashion retailer Boozt Q3 revenue rises on wider assortment

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• Nov 4 - Wayfair beats Q3 revenue, profit estimates on more customers, orders

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)