Overview

* ThredUp ( TDUP ) Q3 revenue grows 34% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 improves significantly, reflecting operational efficiency

* Company raises Q4 and full-year 2025 revenue guidance, indicating confidence in growth

Outlook

* Company expects Q4 revenue between $76.0 mln and $78.0 mln

* ThredUp ( TDUP ) forecasts full-year 2025 revenue between $307.0 mln and $309.0 mln

* Company anticipates Q4 gross margin between 78.0% and 79.0%

Result Drivers

* NEW BUYER GROWTH - Active buyers grew 26% yr/yr, with new buyer growth at 54%, marking the best quarter for new buyer acquisition

* REBRANDING IMPACT - Launch of rebranded ThredUp ( TDUP ) experience with new products and features boosted engagement and sales

* TECHNOLOGY INVESTMENT - Years of investment in data and technology infrastructure enabled faster innovation and strengthened competitive position

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $82.2 $77.60

Revenue mln mln (6

Analysts

)

Q3 Net -$4.24

Income mln

Q3 Gross 79.40%

Margin

Q3 Basic -$0.03

EPS

Q3 Gross $65.21

Profit mln

Q3 -$4.38

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "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 ThredUp Inc ( TDUP ) is $12.50, about 29.7% above its October 31 closing price of $8.79

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.)