Australia's Redbubble hits lowest in 2-1/2 years on results

Articore

20/10/2022 02:55

** Shares of Redbubble  RBL.AX  fall as much as 26.4% to
A$0.53, hitting their lowest since April 14, 2020
    ** RBL says quarterly EBITDA loss A$14.6 mln vs EBITDA A$3.9
mln
    ** Quarterly marketplace revenue down 5% to A$100.8 mln
    ** Co forecasts FTE salaries and wages to be to the lower
end of FY23 guidance range
    ** Stock posts its biggest intraday pct fall since Aug. 17
    ** More than 2.9 mln shares change hands, compared with the
30-day average volume of about 1.4 mln shares
    ** Stock down ~78% this year, as of last close
 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))