Reports Q4 revenue $143.4M, consensus $142.43M. Reports GMV was $451M, a decrease of 9% compared to the same period in 2022…”In the fourth quarter of 2023, The RealReal delivered positive Adjusted EBITDA and positive free cash flow. These are historic milestones and firsts for the company since our IPO in 2019. Our strategic shift to re-focus on the consignment business is delivering strong progress in our results. We refined our growth model with a focus on profitable supply and in the process we significantly improved our margin structure. We intend to carry forward this improved margin structure as we reaccelerate growth going forward,” said John Koryl, Chief Executive Officer of The RealReal.
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