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1stDibs Q3 revenue rises 5%, net loss narrows

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$23.10 mln

$22.36 mln (2 Analysts)

Q3 Net Loss

$1.20 mln

Q3 Gross Margin

73.20%

Q3 Gross Profit

$16.90 mln


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

  • Nov 5 - Elf sees Q2 sales boost with marketing, Europe expansion

  • 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.)

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