Rent the Runway Q1 revenue surges
Rent the Runway Q1 revenue surges
Overview
US fashion rental platform's fiscal Q1 revenue rose 29% yr/yr to $89.9 mln
Company reaffirmed FY26 guidance for revenue, adjusted EBITDA and rental product acquired
Outlook
Rent the Runway sees Q2 revenue between $91 mln and $95 mln
Company expects Q2 adjusted EBITDA margin of 5% to 8%
Rent the Runway reaffirms FY26 guidance for double-digit revenue growth and adjusted EBITDA margin of 4%-7%
Result Drivers
ADD-ON REVENUE GROWTH - Co said add-on revenue rose 70% yr/yr in Q1, driven by higher subscriber engagement after inventory infusion and product enhancements
NEW REVENUE STREAM INITIATIVES - Co reported early operational progress and revenue generation from marketplace, advertising, and B2B initiatives
Company press release: ID:nGNX8rdKj8
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| $89.9 mln |
|
Q1 EPS |
| -$0.57 |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)