Overview

* RealReal ( REAL ) Q3 revenue grows 17% yr/yr, beating analyst expectations

* Company's GMV increased 20% compared to the same period in 2024

* Adjusted EBITDA margin rose to 5.4%, reflecting operational efficiency

Outlook

* RealReal ( REAL ) raises full-year 2025 guidance based on current market conditions

* Company expects Q4 2025 GMV between $585 mln and $595 mln

* RealReal ( REAL ) sees full-year 2025 revenue between $687 mln and $690 mln

Result Drivers

* GMV INCREASE - Gross merchandise value rose 20% yr/yr, driven by strategic initiatives and operational efficiency

* DIRECT REVENUE GROWTH - Direct revenue surged 47% yr/yr, contributing to overall revenue increase

* STRATEGIC PILLARS - Growth attributed to execution of strategic pillars: unlocking supply, operational efficiency, and service focus

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $174 mln $170.51

Revenue mln (7

Analysts

)

Q3 Net -$54 mln

Income

Q3 GMV $520 mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the department stores peer group is "buy"

* Wall Street's median 12-month price target for RealReal Inc ( REAL ) is $11.50, about 4.4% above its November 7 closing price of $10.99

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.)