RealReal reports Q3 EPS 9c), consensus (9c)

Reports Q3 revenue $148M, consensus $142.02M.Q3 2024 adjusted EBITDA of $2.3M or 1.6% of Total Revenue, increased $9M Year-Over-Year. GMV was $433 million, an increase of 6% compared to the same period in 2023During the quarter, consignment revenue grew 14% compared to the same period in 2023. Third quarter Adjusted EBITDA improved $9 million compared to the third quarter of 2023. Average order value (AOV) was $522, an increase of 2% versus the same period in 2023 “I am pleased to report strong results for the third quarter, and I am encouraged by the continued strength in supply trends as we enter the fourth quarter,” said Rati Levesque, Chief Executive Officer of The RealReal (REAL). “Third quarter GMV, Total Revenue, and Adjusted EBITDA all exceeded our prior expectations, enabling us to raise our full year outlook.”