ThredUp reported a 17% revenue increase to $90.8 million in its latest quarter, driven by a 13% rise in new buyers. The company is adapting to a K-shaped economy by targeting both budget-conscious shoppers with discounts and premium buyers with firm pricing. It is also shifting marketing focus from Google ads to social media platforms like Meta and Pinterest, which have boosted new customer acquisition significantly. Additionally, ThredUp is leveraging AI to personalize inventory and improve profits, though it lowered its full-year revenue forecast due to increased promotional spending expected to impact margins short-term but sustain long-term buyer engagement.
ThredUp reported a GAAP loss per share of $0.05, missing estimates, and lowered its full-year revenue forecast due to inflationary pressures impacting customer demand and about $7 million in promotional costs in H2 2026. The company’s revenue grew 16...
ThredUp Inc. saw its stock price drop nearly 50% following a significant miss on Q2 earnings and a 2.1% cut in full-year revenue guidance. The company reported a net loss 40% worse than expected, driven by weak demand from consumers earning under $60...
