The Fly

Poshmark reports Q3 EPS (30c), consensus (28c)

Reports Q3 revenue $88.43M, consensus $86.62. GMV was $475.6M in Q3. "We reported another strong quarter and are pleased that our results exceeded our initial expectations, despite a tough consumer environment," said Manish Chandra, founder and CEO of Poshmark. "Poshmark continues to be a top destination for fashion, as demonstrated by 13% trailing-twelve-months Active Buyer growth to a record 8.2 million in the third quarter. The power of Poshmark’s community combined with its robust marketplace platform continues to drive user engagement which grew 61% year over year to a record 62.6 billion social interactions during the trailing-twelve-months ended September 30, 2022."

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