Overview

* 1stdibs Q2 revenue flat yr/yr at $22.1 mln

* GAAP net loss slightly improves to $4.3 mln from $4.4 mln

* Active buyers rise 5% yr/yr, GMV declines 2% yr/yr

Outlook

* Company expects Q3 2025 GMV between $83 mln and $89 mln

* 1stdibs forecasts Q3 net revenue of $21 mln to $22.1 mln

* Company anticipates Q3 adjusted EBITDA margin of -12% to -8%

* 1stdibs focused on product innovation amid challenging luxury market

Result Drivers

* PRODUCT INNOVATION - CEO David Rosenblatt attributes consistent conversion gains to focus on product innovation and operational efficiency

* EXPENSE MANAGEMENT - CFO Tom Etergino highlights a 4% decrease in operating expenses year-over-year

* ACTIVE BUYERS - Active buyers increased by 5% year-over-year, indicating improved customer engagement

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $22.10

Revenue mln

Q2 EPS -$0.12

Q2 Net -$4.30

Income mln

Q2 Gross 71.8%

Margin

Q2 Gross $15.90

Profit 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 ( DIBS ) is $6.00, about 56.2% above its August 5 closing price of $2.63

Press Release:

(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.)