Overview

* 1stdibs Q3 revenue rises 4% yr/yr, beating analyst expectations

* Company reports Q3 net loss of $3.5 mln, improved from $5.7 mln loss last year

* Gross margin improves to 74.3% from 71.0% in Q3 2024

* Board previously authorizes $12 mln share repurchase program

Outlook

* Company expects Q4 2025 GMV between $90 mln and $96 mln

* 1stdibs.com forecasts Q4 2025 net revenue of $22.3 mln to $23.5 mln

* Company anticipates Q4 2025 Adjusted EBITDA margin of 2% to 5%

Result Drivers

* STRATEGIC REALIGNMENT - CEO David Rosenblatt attributes improved Adjusted EBITDA margin to major strategic realignment and structural changes

* COST MANAGEMENT - CFO Tom Etergino cites disciplined cost management and operating rigor as key to improved financial results

* MARKETING EFFICIENCY - Improved marketing efficiency contributed to better-than-expected Adjusted EBITDA, according to CFO Tom Etergino

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $22 mln $21.50

Revenue mln (1

Analyst)

Q3 Net -$3.50

Income mln

Q3 Gross 74.30%

Margin

Q3 Gross $16.30

Profit mln

Analyst Coverage

* The one available analyst rating on the shares is "strong buy"

* The average consensus recommendation for the online services peer group is "buy."

Press Release:

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(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.)